| Having a real estate lawyer in your corner when | | | | problem that is outstanding, get it in writing and |
| buying your first home is a really good idea. They | | | | have the lawyer look over it to make sure |
| know and understand all of the legal wrangling that | | | | everything is kosher, legal and binding so you do |
| may need to take place in order to get property | | | | not get shafted. |
| bought and sold without any surprises for both | | | | - Days before you close on your home your |
| parties involved. As I mentioned earlier, a lawyer | | | | lawyer and real estate agent discover that the |
| is not a requirement, but definitely an asset in | | | | seller sold the house to someone else but didn't |
| your corner. | | | | file the paperwork showing the sale yet. Your |
| - Your potential new home has a title issue that | | | | lawyer could go in and file a copy of your sales |
| relates to the back taxes owed to the IRS. A | | | | contract with the court, beating out the other |
| capable real estate lawyer will be able to advise | | | | claimant and clouding the title for anyone else the |
| you on your rights and help you clear up the | | | | seller may try to sell the home to. |
| problem with the IRS before you close on the | | | | The above situation has been prevented in many |
| house. The IRS problems are probably the sellers | | | | states by the passing of a law that allows real |
| problems that they are trying to dump on you. | | | | estate lawyers to file a contract of affidavit with |
| Your lawyer could propose a compromise prior to | | | | the courts. These forms state that there is a sale |
| the final closing that must be met or the deal is | | | | pending on the home and that it will be closed in a |
| off until the IRS issue is fixed. If you sign off on | | | | set amount of time. This helps the courts keep a |
| the home before the IRS issues are resolved, | | | | track of what is going on in the real estate |
| you become liable for them. | | | | market and keeps double filings on one property |
| - If the seller offers to do work on the home to | | | | from happening. |
| finish something they started or to repair a | | | | |