| Termite Inspections |
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| In residential real estate transactions, it is not uncommon for standard contracts to contain a clause that makes the buyer's consummation of the transaction contingent upon the home passing a termite inspection. More... |
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| Whether to Rent or Buy a Home |
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| At some point, most individuals consider the issue of renting a home versus buying a home. It is a big decision with far-reaching financial implications. As part of the decision-making process, it may be helpful to use a rent/buy calculator (easily found on the Internet). Such a calculator will not, however, provide a clear answer. A consideration of other issues is necessary. More... |
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| Preparation for Construction Claims |
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| Construction claims are so prevalent and diverse that preparation for the inevitable should be a part of each contractor's normal business routine. Though the source and nature of each claim is not known, contractors do know when the performance of their work is impacted or when events, circumstances, or situations arise that are outside the realm of the contractual provisions contemplated by the parties. In these instances, the contractor should collect any pertinent information and documentation that would support its actions or assist in the defense of any potential claims. More... |
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| Wrap-Around Mortgages |
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| A wrap-around mortgage refers to a type of loan transaction. With a wrap-around mortgage, a lender (often the seller of property) assumes or continues responsibility for an existing mortgage and makes a new mortgage for an additional sum which essentially "wraps" around the old mortgage, because the lender will make the payments on the old mortgage.
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| The Residential Lead-Based Paint Hazard Reduction Act |
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| The Residential Lead-Based Paint Hazard Reduction Act is the federal law that addresses the health problems that have been associated with the use of lead-based paint in apartments and rental units. The Act and its enforcement regulations apply to rental properties that were built before 1978. More... |
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