Property law uses many archaic terms that are unique to the use and transfer of real estate. “Deed” is one of these terms, which simply refers to a document used to convey property ownership interests. You can think of a deed as a type of contract, although it has many formal...
Category: Real Estate
4 Reasons to Remain Aware of Contingency Clauses in Real Estate Contracts
Buying and selling a home can be a stressful process, especially with all of the contracts and paperwork. Within your real estate contract, you may find contingency clauses, which could affect your transaction.
What is a contingency clause?When something is “contingent,” it means something...
What Does It Mean When a Property Is Sold As-Is?
When it comes to buying and selling property, you can expect to encounter many real estate terms you may not be familiar with — “as-is” is one of those terms. It is critical to look out for these terms in your contract and understand what they could mean for you and...
Encroachment of Property in New York: Everything You Need to Know
Land encroachment refers to the illegal occupation of land that belongs to someone else. This type of activity can happen in many ways. If you are the victim of encroachment of property, reach out to a real estate attorney at Merlino & Gonzalez.
Encroachment of property can result in...
How to Prepare for Real Estate Mediation
Real estate mediation is an ideal method for resolving disputes without taking on the expense and stress of court proceedings. Ideally, successful mediation will put an end to a dispute in a way that leaves both sides satisfied.
The key to making the most of real estate mediation is...
What Is a Quiet Title Action and When Is It Necessary?
In the complex world of real estate law, quiet title actions are essential legal mechanisms that help parties resolve disputes and clear clouds on property ownership.
If you're considering buying or selling property in New York, learn how quiet title actions may affect the process and how these lawsuits...
Can the Sales Price of a House Increase After Listing?
Ordinarily, when a house is listed, the sales price is set in stone when the listing becomes public. However, there are some situations where a sales price will change after listing. It will typically go down due to a lack of demand, but there are circumstances where it may go up as...
Avoid These 4 Common Real Estate Disputes
Real estate disputes are a common occurrence for property owners across New York. Whenever different parties cannot agree on contracts, boundaries, property division, or sales, the situation can become heated and turn into a complex legal battle.
If you own real estate, the best way to avoid a...
Common Mistakes Real Estate Investors Make
Congratulations, you’ve decided to start investing in real estate! Investment properties, whether residential or commercial, can provide a steady stream of mostly passive income — provided you don’t make one of the common real estate investing mistakes.
If you’re new to the real estate game, professional guidance can...
What is Eminent Domain?
Can the United States government, your home state, or even a municipality take away your private property for public use? You may be surprised to learn that the answer is yes. In the United States, this power is called eminent domain.
Eminent Domain: the BasicsThe...