Purchasing a home is an exciting milestone. Unfortunately, the closing process can sometimes hit a snag, causing delays that might frustrate both buyers and sellers. Understanding the potential reasons for these holdups can help you navigate the process more...
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Riddell Law Group Blog
What are reasons people place their home in a trust?
It is not always necessary to use a will to pass your home to a family member upon your death. Other estate planning options may answer some concerns you have that a will is not capable of addressing. For instance, you might consider putting your house into a trust....
Steps in the foreclosure process
Homeowners facing financial hardships may find themselves facing foreclosure. Understanding this process is important to minimize its impacts and possibly avoid losing a home. Having a clear understanding of the steps involved can help individuals navigate the process...
The role of real estate title insurance
Real estate transactions involve a complex web of legalities and potential pitfalls. Therefore, buyers and sellers need to find ways to protect their investments. One key element in this safeguarding process is real estate title insurance. Securing property ownership...
Minimizing tax implications with estate planning
Estate planning may not be the most thrilling topic, but when it comes to passing on your property, it can make a significant difference in minimizing the impact of taxes. With thoughtful estate planning, you can strategically position your assets to minimize the tax...
Foreclosures are on the rise
In recent times, a notable surge in foreclosures has created a troubled trend for the housing market. This concerning development is raising questions about the reasons behind this increase and its impact on homeowners and the housing market. Economic uncertainty One...
3 common types of deeds
When it comes to buying or selling real estate, understanding the different types of deeds is important. Deeds serve as legal documents that transfer ownership of a property from one party to another. Several common types of deeds accomplish this transfer, each with...
What to know about passing on real estate in your will
When it comes to estate planning, real estate is often one of the most important assets to consider. Leaving a property to your loved ones in your will can be a thoughtful and strategic decision. However, there are important things to keep in mind to ensure a smooth...
What is the difference between a short sale and a foreclosure?
You might have heard terms like "short sale" and "foreclosure," especially when discussing the real estate market. Both these terms revolve around homeowners facing difficulties in keeping up with their mortgage payments. Yet, while they might sound somewhat similar,...
Common real estate title issues
If you have never purchased a piece of property, a home or other real estate, you probably wonder about the purpose of title insurance. Like humans, you will find that any property you look at has a history, from ownership to upgrades. Although title insurance has...