Do They Really Have Authority? Understanding Apparent and Implied Authority in Real Estate Transactions
If a contract is signed by someone without valid authority, your buyer may not be able to enforce it—and that’s a risk no one wants to take.
Tag: attorney
Seller Property Disclosure Requirements in DC
Question from an Agent: My client, a seller of a DC property, has recently purchased a property and has never occupied it. Is the seller still required to complete the property disclosure form or is the seller exempt? Answer from an attorney: ...
Owner Occupancy
I often get asked at the settlement table - Why are 5 different lender documents required if the borrower is going to occupy the property? The answer is the interest rate and the type of loan offered by the lender may be directly related...
Insurability vs. Marketability: How is a property’s insurability different from its marketability?
The terms “marketable” title and “insurable” title are very common real estate terms that come up in every contract for sale of real property. They are frequently used but commonly misunderstood. First, “marketable” title is generally defined...
Owner’s title insurance: Case of forgery after infidelity
Part 6 of a series Fraud is a common cause of title claims, and it's practically impossible to detect in many cases because there is no way for the title agent to know about the fraud until after the fact. As we've discussed before, title...
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