Real Estate

Understanding Probate: The Process of Transferring Assets After a Person’s Death

When someone dies, their assets must pass through the estate. The probate process includes the collection of the decedent's assets, the payment of any necessary duties and taxes, and the administration of the property to the heirs according to the will. Probate of the deceased's will During this process, the authenticity of the deceased's will must be proven in the

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Real Estate

What to look for in a commercial real estate lease

Trying to understand the terms of a commercial property lease can feel like navigating a minefield – there is a lot of new terminology and industry jargon to understand. When it comes to negotiating, some landlords may try to pass off a lease document as "a standard lease" that all tenants must sign. In many cases, uninformed tenants could end

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Real Estate

A Promissory Note Security Net and Security Blanket

Lender's Title Insurance Protection: What is ALTA Title Coverage? History-Owner's Title Insurance Policy When buying a home or other real estate, the buyer needs to know who the current owners are, if they have "good title," and if they can convey ownership (title) to the property free of all liens and encumbrances. Obtaining this information is usually done by applying

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Real Estate

Why use a series LLC?

To diversify risk, someone with multiple rental properties or other investment properties would likely be advised to put each property into a separate entity. This was traditionally accomplished with the use of a corporation or limited partnership in earlier years. Recently, however, the limited liability company has quickly become the entity of choice for real estate. Placing high-risk assets in

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Real Estate

Don’t sell your house, turn it into a rental!

Rather than sell your residence to purchase another home, you may decide not to sell your residence and convert it to a rental property. In this case, the next home you buy and live in again will qualify you for the lowest owner-occupied loan rate. This approach also makes it easier to repair the rental house because, having lived there,

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Real Estate

Ever wonder how a VA loan works?

Millions of people have bravely served our country in the United States Armed Forces. As a way of thanking them for their service, the government created the VA Loan Guarantee Program to help veterans qualify for a home loan. A common misconception is that the VA actually makes loans to veterans, but it doesn't. Rather, VA guarantees loans so that

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Real Estate

How to exhaust sales leads

One of the most confusing and infuriating activities of being a new salesperson is how to organize yourself with new potential clients. You may have tried creating stacks by customer type, customer location, target product, or even time of year. If you're pulling your hair out and surrounded by shredded pieces of paper, try organizing for sales lead burnout. Keep

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