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What is remedy for the buyer who buys property yet that same property has been hired out to a third party?
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What is the difference between the remedy available for fraud and the remedy available for misrepresentation?
Remedy for fraud is criminal while remedy for misrepresentation is of civil nature. Fraud deprives one party and benefit other party while misrepresentation may or may not have an impact on either party.
Forcing sale of a house in a will owned by 3 and 1 gets to live there as long as she can afford it that's what the will states 1 party wants to get out how can that happen?
The person who wants to sell can try to sell her interest to one of the other parties or to a third party if she can find a buyer. Otherwise perhaps the property can be partitioned, that is, sold by the court. That may be difficult because any buyer would have to take the property subject to the life estate. Perhaps you could convince the life estate holder to join in the sale of the property and split the proceeds three ways.
Can third party open LC on seller on behalf of buyer what is the procedure?
A third party can open the LC on the seller. This part of the transaction must be done on behalf of the buyer.
What type of deed is needed for an acre for acre swap of equal value?
A quit claim deed could be used. A Quit Claim Deed is a deed that transfers without warranty whatever interest or title a grantor may have at the time the conveyance is made It conveys to a Buyer only what the Seller actually owns, if anything, and provides no guarantee from the Seller to the Buyer that the Seller has any interest in the property to convey. The rule to follow for a person accepting a quit claim deed is "Buyer beware". If it later turns out that the Seller's rights to use the property are encumbered by another person's interest in the property, the Buyer is out of luck and has no recourse against the Seller. A Different Opinion: I have seen similar conveyances executed by two simultaneous deeds. Each granting party conveys their property "for the consideration of" the other party's property. In other words, they swap property in lieu of a monetary figure. It's quite common. Deeds are generally executed and recorded on the same day. Any attorney could easily prepare such a transaction.
What is a land contract?
A land contract is a real estate agreement where the buyer makes payments directly to the seller instead of getting a mortgage from a lender. The buyer takes possession of the property but the seller retains legal title until the full purchase price is paid. It's a way for buyers who may not qualify for traditional financing to purchase property.
What is a Real Estate Agent work description?
A real estate agent is a party who acts as a middle man between the buyers and the sellers. They are the one who assist sellers in finding a buyer who can give the highest possible price of their property.
Who does a Real estate agent represent?
either the buyer or seller of a property There are several types of representation that a real estate agent may be hired to perform. The agent can be retained in a single agency representation to represent the seller or as a buyer-agent representing the buyer. Single agency results in a fiduciary relationship to either the buyer or seller, but not both. Dual agency is where the real estate agent owes a fiduciary relationship to both parties and is not permitted in many states. A real estate agent can also be retained to provide what is called transaction brokerage whereby they do not represent either the buyer or the seller but instead performs services to facilitate the transaction and would be bound to treat both parties fairly but does not owe a fiduciary relationship to either. When retaining the services of a real estate agent inquire as to the nature of their representation and who they in fact represent. Keep in mind that as their representation of a particular party to the transaction evolves, the representation obligations and fiduciary duties may change. It is obligation of the real estate agent to disclose in establishing a relationship and also if and when it changes during the transaction.
What is a golden party?
A gold party is similar to a Tupperware party in that a small group gathers at a host's home to sell their gold jewelry to a gold buyer.
Can one party in an undivided interest gift their share of the interest to another party outside the undivided interest owners?
Yes. You are free to sell you interest to any willing buyer.
Would it be inappropriate for a bartender hired for a home Christmas party to set out a tip jar?
You might want to ask the homeowner (who hired you for the party) if it would be okay to set out a tip jar. Some party hosts may not wish their guests to feel obligated to tip.
Purchase Agreement?
Get StartedA Purchase Agreement is a document under which a seller transfers personal property to a buyer. This document CANNOT be used to transfer real estate and may be inadequate to transfer a vehicle, as well as most types of intangible personal property. If the property that will be transferred has been pledged as security for a loan, it may be necessary to obtain a release from the party to whom the loan is owed. In such cases, it is advisable to consult with a lawyer.The Purchase Agreement should be signed by both the Buyer and the Seller, and becomes effective as of the date provided in the text of the document.
Why do you form a contract?
In simple terms, a contract is a legally binding agreement. People enter into contracts so that they can have a legal remedy if the other party fails to do what they promise. The most common remedy is an award of damages by a court, which means that the party who failed to keep their promise has to pay the other party some money to compensate them for their loss. Sometimes a court will grant specific performance, which means they will force that party to keep their promise. Without a contract, a court will not be able to grant either remedy.
