Tag: real estate
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FAQ: When the Divorce Decree Conflicts With the Deed
Many couples own homes together. If they ever decide to separate, they need to know what to do with their co-ownership. They could simply sell the home to solve that issue. But after a legal separation or divorce, one of the two people may want or need to stay in the home. If the deed…
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To Avoid Foreclosure, Which Should I Do: Deed in Lieu? Or Short Sale?
OK, it’s decision time. You’re dealing with financial challenges: a breakup, employment shakeups, or just too much debt against your property. You hold a deed, but can’t keep up with your housing costs. And you definitely want to avoid having a foreclosure on your credit history. What should you do now? A deed in lieu…
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A Minnesota First: Twin Cities Suburb Requires Removal of Race-Based Deed Restrictions
Mounds View, Minnesota is making history with its new ordinance requiring home sellers to remove race-based deed restrictions before selling. Mounds View adopted its new ordinance on July 23, 2024. It’s official. Mounds View, a Minneapolis – St. Paul suburb, will now require the removal of racially restrictive covenants from deeds. Racial covenants (a.k.a. race-based…
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A Matter of Grave Importance: Here’s How to Transfer a Cemetery Plot
Transferring ownership of a cemetery plot can be a significant gift for a recipient who needs to make advance burial plans. Or buying a plot for yourself could make sense — so your heirs don’t have to. And, you might wonder, what about holding plots to sell? Do gravesites count as stores of value? No,…
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Update: State Lawmakers Have “Fast Cash for Houses” Wholesalers on Their Radar
Tempted to sell your home quickly and easily to one of those “We buy any house” outfits? Wait. Don’t even think about giving up that deed until you read this.
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A Deed in a Box? Understanding the Deed in Escrow
Deed in escrow has multiple meanings. In this article, we’ll discuss the concept as it applies to community restoration, and we’ll also discuss the deed in escrow as a way of averting a foreclosure.
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Lost Deed to Inherited Mineral or Oil Rights. What Should I Do?
From time to time we’re asked what to do if a deed is missing to mineral or oil rights. Can you recover your interest in these rights if you’re missing the deed? And how are these rights exercised? In this article, we take the questions one at a time.
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People Can Walk (and Sit) on Your Beachfront Property. Tell Buyers, Rhode Island’s New Law Says.
The owners of Rhode Island’s beachfront homes would like to own the beach — all the way out to the water. But last June, Rhode Island law created a public right to access areas of passable shore up to ten feet above the visible high tide line — the line where you can see the…