SIMULTANEOUS CLOSING

What Is Simultaneous Closing? Simultaneous closing (SIMO) is a real estate financing strategy in which two simultaneous transactions occur during the closing on a single piece of property. In this …

STIGMATIZED PROPERTY

Stigmatized property In real estate, stigmatized property is property that buyers or tenants may shun for reasons that are unrelated to its physical condition or features. These can include the …

WIRE FRAUD IN REAL ESTATE CLOSINGS

Imagine arriving at the settlement agent鈥檚 office for your closing. Everything went without a hitch: The buyer provided all documentation plus the Realtor庐, closing attorney/title company, and lender have performed …

POOL OR NO POOL?

As we head into the heart of summer, thoughts naturally turn to fun in the sun while staying cool. For some, that might even mean contemplating the addition of a …

WHAT IS EMINENT DOMAIN?

What is Eminent Domain? Eminent domain is the power the United States government, states, and municipalities to take private property for public use, following the payment of just compensation. Breaking …

WHAT IS A LEGAL GIFT?

A gift, in the law of property, is the voluntary transfer of property from one person (the donor or grantor) to another (the donee or grantee) without full valuable consideration. …

EQUITABLE ESTOPPEL

Equitable estoppel is a defensive doctrine preventing one party from taking unfair advantage of another when, through false language or conduct, the person to be estopped has induced another person …