There are numerous ways that businesses collect on debts owed to them. Some companies will try to garnish paychecks or a bank account, while others might require collateral before they provide services or financing. An alternate approach is for a company or a person...
What should you watch for in a commercial lease?
When you find the perfect location for your business, you’ll have to try to secure it. Some business owners don’t want to try to purchase a location. If you’re one of these individuals, you’ll have to lease a space. Before you sign a commercial lease, you need to...
The power of an inspection contingency
Offering to buy a home is more than just an offer of something that both sides think may happen in the future. It’s a legally binding contract. It cannot be broken without consequence -- such as the loss of money put down at the time. The seller needs to know that...
Why do you need two title insurance policies as a home buyer?
If you are about to close on a home, you have likely gone over the settlement statement with a fine-tooth comb. Many first-time home buyers are shocked when they realize that they have not one but two separate charges for title insurance.. Although some people assume...
What are the types of property liens?
If you want to get ready to sell your home or if you are looking to buy one, you will want to know what a lien is and who is going to pay for it. Essentially, you should think of a lien as an unpaid bill that must be satisfied before the home can be sold. There are...
Does a New York seller have to make repairs on a property?
Real estate transactions are often backward in that a buyer makes a down payment on a home before he or she can order an inspection. To protect buyers in the event that an inspection reveals potentially costly or dangerous issues that the seller failed to disclose,...
What kinds of liens can a title search discover?
The title search phase of a real estate sale in New York is crucial. If the current property owner has outstanding financial obligations, there may be a lien placed on the property until the owner pays up. Until these liens are resolved, the property cannot be sold to...
Is there a lien against my property?
If you’re planning on buying a home in New York, finding out whether there are any liens against the property is crucial. A lien occurs when there is an unpaid debt associated with a property title. As a result, another party could have a stake in the home, or any...
