There are three types of liens that can be placed on your property: Consensual Lien Statutory Lien Judgment Lien Consensual Lien: A consensual lien is one created voluntarily by the owner of the property encumbered by the lien. The most common consensual lien is a residential mortgage, where the home buyer consents to a bank taking a…
The inspection report you obtain when buying a home may be full of red flags that you are not seeing. Don’t risk buying a lemon of a house.
Recent high-profile mass shootings have ignited a national debate about gun control and the limits of an individual’s right to possess firearms. While much of the debate centers on appropriate rules and restrictions for schools and other publicly owned property, the issues are no less relevant when considering firearm possession on private property. To be…
Because Homeowners Associations- for both Condominiums and Residential Communities- are staffed and run by volunteers, it’s sometimes easy to lose sight of the formal requirements that must accompany some organizational decision making.
If you are reading this article based on the headline, you’re likely already familiar with the problem. The downturn in the economy and associated depression of housing prices have created new challenges for Washington condominium residents far beyond the usual run of the mill disputes over noise violations and pet odors. Condo associations across the…
By David Spring, Ph.D., CFP Editor’s note: David Spring is a Certified Financial Planner and a client of ours. We assisted David with his insurance claim after his house was destroyed by fire. (Thankfully, no one was injured in the fire.) David had done such a good job of documenting his personal belongings that his…
Selecting the Contractor 1. Use your resources. Seek referrals from your friends, family, neighbors, and co-workers, but DON’T STOP THERE. One good reference is not enough. Search for contractors on the Better Business Bureau website. Search for reputable contractors with the National Association of Home Builders and the National Association of the Remodeling Industry. Never forget…
Building a new home is a dream for many people. If you are really lucky, you have saved to hire a talented architect, and then you find a reputable builder to build your dream house. When the builder presents his standard construction contract, should you just accept it as is, hire a lawyer, or do…
