Residential Real Estate

Residential real estate requires the buyer and the seller to first sign a written land contract in order to buy or sell a home. Once the land contract has been signed, the buyer is given time to conduct a title search of the premises and to obtain the necessary financing to make the purchase. The transaction then proceeds to the closing. At the closing, a real estate deed passes ownership from the seller to the buyer. In exchange, the buyer pays the seller the balance of the purchase price. The real estate deed is then recorded.

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Residential Real Estate Articles
State Specific Resources
-  Selling a House in Your State-  State Real Property Codes & Statutes Websites
-  Buying a House in Your State
 
Articles
-  Selling a House-Overview-  Real Estate Short Sale
-  Making the Decision to Sell Your Home-  Selling Your Home For Less Than You Owe
-  Performance of Your Real Estate Broker-  Home Sales and Taxes
-  Home and Real Estate Appraisals-  Title Restrictions on Your Home
-  For Sale by Owners-  Deciding Whether or Not to Use a Real Estate Broker
-  Brokers and Condos, Coops and Timeshares-  Green Homes
-  Co-ownership Considerations-  Handling Movers with Care
-  Discrimination in Real Estate Sales and Leasing-  Special Problems in New Home Construction
-  Making the Decision to Purchase a Home-  Restrictive Covenants on Real Estate
-  Buying a Home and Taxes-  Home Purchase Agreements
-  Title Insurance Reports and Commitments-  Unanticipated Closing Costs
-  Private Mortgage Insurance-  Buying A House In A Short Sale
-  House Inspections-  Foreclosed Property
-  Residential Insect and Pest Reports-  Vacation Timeshares
-  Buying & Selling Timeshares-  Buying & Selling Mobile Homes (Manufactured Homes)
-  The Basics of Condos and Co-ops-  Buying & Selling Condos or Co-ops
-  Real Estate Brokers' Obligations in Leasing-  Finding & Selecting a Real Estate Broker or Agent
-  Remedies and Real Estate Brokerage Contracts-  Types of Listing or Brokerage Agreements
-  Real Estate Sales Commissions-  Real Estate Sales: Online Resources and E-commerce
-  Option Contracts for Buying & Selling Real Estate-  Home Transfer and Recording Taxes
-  Buyer's Remedies and Real Estate Sales Contracts-  Escrow and Closing in Buying or Selling a Home
-  Breaches of Real Estate Sales Contracts-  Environmental Considerations in Real Estate Sales
-  Enforcing Real Estate Sales Contracts-  Ongoing Rights or Obligations in Real Estate Sales
-  Deeds-  Insuring Your Home
-  Megan's Law & Sex Offender Registry-  Partition Action
-  Real Estate Investment Glossary-  Real Estate Liens
-  Searching for Real Estate Information on Your Own-  Buying a Home-Overview
-  Buying a New Home While Selling Existing Home-  Condominiums and Cooperatives
-  Responding to An Offer To Purchase Your Home-  Seller's Remedies and Real Estate Sales Contracts
-  Disclosing Hidden House Defects
 
Residential Real Estate FAQs
-  Real Estate: Home Shopping & Offer to Purchase FAQ-  Selling a Home FAQ
-  Financing A House FAQ-  Homeowner's and Renter's Insurance FAQ
 
Real Estate Forms and Videos
Forms
-  Intent to Purchase Real Estate by State-  Real Estate Lease - Commercial by State
-  Real Estate Lease - Quick Form by State-  Homeowners' Association Proxy by State
-  Home Purchase Worksheet by State-  Home Sale Worksheet by State
-  Home Evaluation Worksheet by State-  Real Estate Lease - Residential by State
-  Agreement to Cancel Lease by State
 
Lawyers.comSM Virtual Community
Legal Forums
-  Real Estate-  Zoning and Land Use
-  Buying and Selling Real Estate
 
Chats
-  Thomas Pedreira-  Roger Dunaway
-  Chat Listing
 
Hiring a Real Estate Lawyer
-  Meeting with a Real Estate Lawyer-  Preparing to Meet with a Real Estate Lawyer
-  Real Estate: Selecting a Good Lawyer
 
Related Topics on lawyers.com
-  Environmental Issues-  Mortgages
-  Foreclosure
 

Ask a Lawyer - Real Estate Law questions answered by leading lawyers
Transfer of Property Subject to Land Trust

A relative has passed away, family now finding out she sold property to a care giver for $10 using a quit claim deed but property is involved in a land trust from the 1998...does the land trust over ride the quit claim deed?

Real Estate Appraisal

Can a person who does not have his license appraise your house? I was told by the person who was supposed to have been the appraiser, that he was in training. He came by himself walked in and out took some pictures of the back side of my house, a picture or two of my living room and left.

Co-Ownership of Real Property - One Owner Wants Out

My son bought a house with someone else (1/2 owner) he doesn't want to live there anymore. He wants the other person to buy his 1/2 or sell the house. The other person doesn't want to do either. What are his legal options if any?

Junior Or Second Mortgage In Foreclosure Sale

My house was recently foreclosed on; it was a rental house and I had a second mortgage on it. What happens to the second mortgage now?

Deficiency Judgment

I own a six unit apartment building. It was purchased through a land contract. The seller holds the mortgage. I missed August 08 payment. I was never late for over 4 years to this point. The seller threatened to have the tenants cars towed etc. if they don't pay rents to him, which they did. I have since paid all except $1500 to seller and have agreed to turn the building back to him in exchange for a release. He refuses and says he wants to sell the building and then settle. What if the sale price does not cover the note?


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