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Power of Attorney pitfalls

Written by Todd Ewing on .

In my 18 years as a settlement attorney, I can point to an improper Power of Attorney (POA) form as one of the most common causes of a delayed closing.You have no doubt encountered clients who are too busy or physically unable to make...

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TOPA requirements for closing

Written by Federal Title on .

In addition to providing Federal Title & Escrow Company with evidence of proper and timely notices to tenant(s) in accordance with Title IV of D.C. Law 3-86, "RENTAL HOUSING CONVERSION AND SALE ACT OF 1980 (a.k.a. TOPA)," Federal Title...

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DC landlord / tenant information

Written by Federal Title on .

Under the Rental Housing Conversion and Sales Act (hereinafter the "Act"), [1] District of Columbia residential tenants have unusual rights.Unlike other jurisdictions, before an owner of a housing accommodation [2] may sell the accommodation,...

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Exclusion rules of home sales

Written by Federal Title on .

In 1997 Congress enacted the law which states if you own and live in your home for two years, you can take an exclusion of up to $250,000 ($500,000 for a married couple filing jointly) for the old "replacement residence" rules. Unlike the...

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Like-kind Exchange

Written by Todd Ewing on .

The exchange of real property for other real property (a "like-kind" exchange) may be a nontaxable event. To be a like-kind exchange, the property you transfer (the "Exchange Property") and the property you acquire (the "Replacement Property")...

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