Tag Archives: Mississippi Real Estate Lawyer
The real estate market is hot. Inventory remains low, creating competition among the homes that are for sale. In fact, bidding wars are becoming the norm, not the exception. A recent article posted on CNBC reported that homebuyers are stretching their budgets and mortgage limits to win bidding wars. Bidding wars are not all about money, however. In other words, the highest bid doesn’t always win. Favorable bids have few to no contingencies, quick close times, and the reassurance of a loan approval. Sellers want to know that the sale will go through without any problems. For this reason, cash is attractive these days. Tips for Winning a Bidding War Those in the market for a new home can anticipate a bidding war. Susan Pinkston, a Mississippi real estate lawyer, shares practical tips to help you come out on top.
- Come with cash if you can
- Get pre-approved for a
Like homeowners, business owners can fall behind on their mortgage payments. If this happens, your lender will typically start the foreclosure process to sell the property and receive some type of repayment on the loan. The main difference between a residential foreclosure and a commercial foreclosure is the possible appointing of a receiver. If you are in financial trouble and can no longer afford the payments on your commercial property, it’s best that you reach out to your lender and discuss potential options. It’s also important that you work with a Mississippi real estate lawyer so that your end of the process is handled legally and professionally.
Judicial or Nonjudicial ForeclosuresA commercial foreclosure can be handled in one of two ways, depending on the state you live in and the language in your mortgage agreement.
- Judicial- In a judicial foreclosure, the lender files a lawsuit against the borrower (you) and asks
The real estate sector has become really complex to deal with. Comparing the number of buyers & sellers to the number of properties available, we can say that there is a tough competition among all of the parties involved. This infographic tells you how a real estate attorney can help a lot in determining various factors while willing to buy or sell a home. [caption id="attachment_383" align="aligncenter" width="1100"] How Real Estate Attorneys can help Home Buyers and Sellers... Read More
Purchasing a home is a major investment. You want to be sure that the investment you’re making is in your best interests. That’s why it’s helpful to work with a Mississippi real estate lawyer who can review your contract, propose modifications, check the title to the property, and schedule closing. There are some misconceptions about these lawyers, which is why many buyers and sellers aren’t always clear on whether to hire one. Here are four myths about the attorneys and the facts behind each one. Myth 1. If you have a real estate agent, you don’t need an attorney. These agents cannot give you legal advice. In fact, it’s a 3rd degree felony for someone who is not a lawyer to advise you on legal issues. Also, only Real estate attorneys in Mississippi can give you counsel on buying a home in the same state. If you need legal advice, you... Read More
If you’re looking to buy a residential or commercial property, congratulations! This is an exciting time in your life and probably one of your biggest investments. A common question that people have when going through the process is whether or not they need a Mississippi real estate lawyer. The answer may be simple, or it may not be. Let’s take a look so that you know how to proceed. If you need to work with an attorney, you want the opportunity to choose the right one! Know Your State’s Requirements First off, every state has different requirements when it comes to real estate attorneys. Some states leave it as an option to the buyer and seller while others make it mandatory. In Mississippi, the transactions are closed by an attorney, rather than an escrow service. However, things can vary between regions, so check with your local agent to determine what is best for... Read More