Disputes between Landlords and Tenants

A wide variety of disputes can arise between a landlord and a tenant. The nature of the dispute can be large or small. For instance, the dispute can relate to the responsibility for a minor repair to the leased premises. In other circumstances, however, the disputes can involve thousands of dollars.

Mortgage Loans with Balloon Payments

A mortgage loan with a balloon payment provision is very different from a traditional mortgage loan. Usually, mortgage loans with balloon payment provisions are second mortgages as opposed to first mortgages (also known as purchase-money mortgages).

Flood Insurance

Congress created the National Flood Insurance Program (NFIP) by way of legislative enactment. Congress' purpose in creating the NFIP was to create a national program for flood management.

Lis Pendens

Emile and Ericka found their dream house. In examining the title to the property, the title company indicated that it found a "Notice of Lis Pendens." The notice indicated that a bank, the mortgage holder on the property, had initiated foreclosure proceedings.

Presentation of and Response to Offers to Buy Real Estate

All offers to buy real estate must be presented to the seller or his agent as soon as possible. That means that as soon as the buyer's offer is made available to the listing agent, that offer must be presented to the seller. The listing agent has no discretion in whether to present an offer to the seller. All offers must be presented, even if the listing agent believes that the seller will not accept the offer.