Must a seller of real estate disclose the property’s defects to a potential buyer? The general rule is caveat emptor (buyer beware). This means buyers are responsible for reasonably investigating what they are buying before buying it. The caveat emptor rule is supported by the language of widely used standard contract forms promulgated by the Colorado Real Estate Commission, which state: “Unless otherwise provided in this Contract, Buyer acknowledges that Seller is conveying the Property to Buyer in an ‘as is’ condition, ‘where is’ and ‘with all faults.’â€
Read more %1$sPicking the Right Real Estate Attorney
Jeremiah Budin Picking the Right Real Estate Attorney Attorneys sometimes get a bad rap because they dress all fancy and intentionally confuse you by using words they made up on the spot, such as “litigious.” However, if you’re buying, selling, or renting a home, they could be the only thing standing between you and financial
Read more %1$sAre Emails Binding in Real Estate Transactions?
C. J. Hughes E-Mail May Be Binding, State Court Rules Article BE careful when clicking “send.†That is essentially the message to brokers and their clients from a state court, which ruled recently in a real estate dispute that e-mails can carry the same weight as traditional ink-on-paper contracts Read Article | Comment it
Read more %1$sThe Race to Erase Recording Mistakes
Adam Leitman Bailey & Jackie Weinstein The Race to Erase Recording Mistakes Article http://alblawfirm.com To protect the integrity of this nation’s property transfer system, the robo-signing controversy must result in a better system of transferring property and loans. Read Article | Comment it
Read more %1$sTo Fight Discrimination, a Long List of No-Nos
Christine Haughney To Fight Discrimination, a Long List of No-Nos Article Christine Haughney writes the newly created Appraisal column which explores the world of New York City residential real estate. [email protected] It shouldn’t take a lawyer to know that it is illegal to use phrases like “no Chicanos,†“no blacks†or “not for handicapped†in
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