Are you a homeowner in Pennsylvania who is struggling to keep up with mortgage payments? Unexpected circumstances, such as an employment change or a medical emergency, can put a strain on finances. Fortunately, there are a number of state and federal programs designed to assist homeowners in keeping their home, even when times are tough.
When you are preparing to purchase residential real estate in Pennsylvania, you may be advised to obtain title insurance on your purchase. Yet what is title insurance, and why would you need it when you have a binding purchase contract? What can title insurance protect you against?
You are frequently warned to be wary of deceptive practices and dishonest sellers when buying a home. Yet it seems as though Pennsylvania real estate law regarding disclosure would provide adequate protections from sellers trying to sell you a home riddled with material defects, which can cause significant danger to occupants. But what about disclosure of latent defects? What are latent defects, and how can they hurt you as a buyer?
While most property owners hope their building transaction will take place swiftly, it’s common for real estate to sit on the market for a period. Sometimes, to maximize value, the owner allows the empty building temporary use. At other times, unscrupulous individuals might squat or misuse a property for their own means. Empty buildings are an unfortunate target for vandalism and more.
Receiving a foreclosure notice on your home can be extremely stressful. Most homeowners are unfamiliar with the foreclosure process and when faced with such a notice they are left confused and anxious, wondering what happens next?
Easements are common encumbrances that come up in connection with the purchase and sale of residential real estate. So what is an easement and how do you get rid of it?
Homebuyers in the Philadelphia area have a lot to worry about when they are finishing up the purchase of their new residence. Aside from the practicalities of re-locating one's family, there are a lot of financial and legal problems that have to be addressed.
Although Philadelphia residents may choose not to think of such a scenario, it is always possible that they could buy a house in either the city or somewhere else in southeastern Pennsylvania, move in and start fixing up the home and not find out until later that someone else has either a lien or some claim of ownership over the property, a scenario that in the legal world is referred to as a "title defect".
When a new business moves into town, it is generally something Philadelphians want to celebrate. After all, especially if the business is offering high-paying jobs, it may mean more people coming in to the city who will have plenty of money to feed in to the city's economy.