Did you know that you may sign documents presented to you by a real estate broker that could bind you to either unfavorable terms or to purchase or sell a residential home before you even sign a purchase and sale agreement? Real estate brokers generally encourage prospective sellers and buyers to sign two standard form
Most people believe that a review of the municipal zoning bylaw is all that is needed to understand the existing limitations for the demolition, construction and renovations of residential dwellings. However, did you know that many municipalities over the past few years have passed what are known as “demolition delay” bylaws? Such bylaws are thought
There has been much publicity surrounding the First-Time Homebuyer Credit under the American Recovery and Reinvestment Act of 2009. Many young families and individuals are rushing to take advantage of this limited time offer and in their haste, may miss other favorable tax regulations that facilitate and encourage homeownership. One such code provision, of particular
In the current economy many businesses are looking for new sources of revenue. Recently, Attorney Peter Herbst assisted the owner of a rock and gravel quarry in adding retail sales to his otherwise wholesale business. While the existing zoning regulations prevented any retail sales at the client’s industrial zoned property, Attorney Herbst crafted a text amendment to
When purchasing property, there are many reasons to insure the title to your property. Just as you insure your property against a fire or other casualty loss, you need to protect your property against challenges to your rightful ownership. Title insurance protects you against unforeseen defects in the chain of your title such as a
Residential property owners that use oil to heat their homes should be aware of the new protection afforded by the amendment to M.G.L. c. 175, §4D. Many people are under the misconception that a leak in their heating oil storage tank that allows oil to migrate into the ground would be covered by their home
With interest rates near historical lows, are you considering refinancing your commercial or residential mortgage to take advantage of today’s lower interest rates, shorten your term of payments or perhaps take additional equity out for an important project? If so, there are a lot of new things for you to consider in today’s changes lending
The mortgage foreclosure situation is hectic these days. Many Lenders have sold their loans to other companies or packaged them in security “bundles”, the so-called securitization of mortgages. Many of these loans went into default and have been foreclosed and are now “Bank Owned” properties. Naturally banks are anxious to sell off these properties, frequently
Prior to closing, an owner of a residential dwelling was informed by the buyer’s attorney that the title to the real estate was not marketable because documents within the chain of title did not sufficiently confirm the existence of a corporate entity or the identity of the corporate officers or the trustees or beneficiaries of
The Federal Reserve recently surveyed senior loan officers from 60 large domestic banking institutions and the U.S. agencies of 24 foreign banks. The results: In the fourth quarter of 2008, 87 percent of loan officers said they have tightened their lending standards for commercial real estate loans. Banks are pointing to uncertain economic outlook, a