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Attorney Las Vegas - Real Estate Attorneys
Short Sales, Loan Modifications, Mortgage Mediations, Foreclosures in Nevada
REAL ESTATE LAW
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Most of us making the western United States our home have been affected by real estate law as an owner, seller,
broker, lender, borrower, contractor, or other arrangement. The body of law dealing with real estate is varied and
large and often misinterpreted. An attorney experienced in real estate law should be consulted when dealing with real
estate matters, especially if the matter involves:
PURCHASE AND SALE CONTRACTS
SALES BY OWNER
ESCROW INSTRUCTIONS
SECURED LOANS
TITLE PROBLEMS
INHERITANCE ISSUES
Much of real estate law is really CONTRACT LAW. Legal matters involving real estate often deal with agreements (contracts) between two or more
persons (parties). Purchase and Sale Agreements, Escrow Instructions, Promissory Notes and Trust Deeds, Real Estate Listing Agreements, and Home
Improvement Agreements, are all governed by contract law.
It Is Crucial That You Understand The
Contract You Are Signing !!!
Remember that your failure to read and/or understand the contract is not a defense if disputes arise. If you sign a contract, the law presumes that
you both read and understood the terms of the agreement.
SALE BY OWNER - a way to reduce the costs of selling property? Perhaps, but it can also provide an open door for problems.
It is imperative that you fully understand the effect that the legal process and related laws can have on the transaction and your ownership status,
and you must know the various documents that are needed or required by law. Seek professional legal assistance to help avoid the many problems that arise
under these circumstances.
TITLE ("ownership status"): Title problems frequently arise in real estate matters. In order to properly resolve title issues you need a full
understanding of title law in Nevada and you need to understand the role a title insurance company plays regarding title or ownership status.
ESCROW agents are generally part and parcel of every real estate transaction in the western U.S. It is important to understand the function of
such agents' their duties and responsibilities to each party.
Secured LOANS are the loans given in exchange for a promise to repay the loan. The promise to repay is most often backed or secured by filing a
deed of trust "against" your real property. A deed of trust gives power to the lender to foreclose or take possession of your property should you
fail to repay the loan as agreed. It is vital that you fully understand the terms of your loan agreement and the effect the trust deed may have on
your continued ownership of the property.
Real property is all too often at the nexus of INHERITANCE DISPUTES. It is very common for an elderly parent to transfer property to only one child
or other family member with the intention that upon their (the parents') death, proceeds from the sale of the real property will be shared with the
other family members. This often does not happen, and filing a law suit is usually the only way to settle this type of dispute.
For information regarding Short Sales, Foreclosures, Loan Modifications, and Repossessions, please click on the Short Sales button to the left.
Neither the State of Nevada nor any agency of the Nevada State Bar has certified any Las Vegas Attorney / Lawyer as a specialist or as an expert in any legal area. Anyone considering an Attorney / Lawyer should independently investigate the their credentials and ability.
Be cautious in your choice.
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an Attorney / Lawyer for individual advice regarding your own situation. Nothing contained on these pages should be interpreted as establishing an attorney-client and/or lawyer-client relationship. Copyright 2011 by Salas & McQuigg. All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include the above copyright notice.
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