Buying a new home is one of the most exciting things that you and your family may ever do. Of course, when buying a home, there are the normal risks – that you may lose your job and will be unable to repay your mortgage, that the market won’t be strong when you’re ready to sell, etc. However, before...
Continue ReadingEarnest money is an essential part of almost every real estate transaction. To show they are serious, buyers will deposit a sum of money into trust. Typically, the seller sets the earnest money price, which is either a percentage of the purchase price or a flat sum. Earnest money can also cushion the blow if the buyer decides to...
Continue ReadingAccording to data provided by the Federal Deposit Insurance Corporation (FDIC), approximately 250,000 foreclosures are initiated in the United States each year. For a homeowner, dealing with a foreclosure, or the possibility of foreclosure, can be deeply stressful, even traumatic. If you or your loved one is facing foreclosure in Texas, it is crucial that you have a basic...
Continue ReadingThis glossary defines legal terms commonly used in real estate to define disputes, transactions, or services. Khirallah, PLLC wants you to be as educated as possible during your real estate litigation case. We also offer blog posts on legal topics so that our clients can familiarize themselves with the legal process. We hope you find the definitions of these...
Continue ReadingBuying land or property in Texas is an exciting prospect, but one that demands attention to detail and the adherence to certain legal requirements. One such element that should not be overlooked is the importance of a property title search. Consider the following details about why one should conduct a property title search, how you can do a free...
Continue ReadingBuying a house should be one of the most exciting times in a family’s life, but it’s fraught with opportunities to be taken advantage of. If you’re planning to buy new construction, it’s important to realize that although your home looks shiny and perfect, there can be big issues hiding under the surface. If you suddenly realize that your...
Continue ReadingNo one ever anticipates the need for a real estate lawyer, but life can be unpredictable, especially when buying, selling, and leasing property. If you’ve found out that there were hidden problems with a property you recently purchased in Dallas, if you’re having issues with your mortgage broker or lender, or if you’re stuck in an ongoing dispute with...
Continue ReadingFacing an eviction is confusing, overwhelming, and deeply stressful. If you and your family are facing an eviction, you are certainly not alone. According to an estimate published by National Public Radio (NPR), 2.3 million eviction proceedings are filed in the United States each and every year. The rules and procedures for evictions vary from state to state. Unfortunately...
Continue ReadingThe basis of any real estate transaction is the contract, which binds both the buyer and seller and outlines their obligations. When one side decides to break the contract, they have committed a breach, and a lawsuit might be unavoidable. After the breach of real estate contract, you need competent legal advice about your options. Contact a Dallas real...
Continue ReadingOne of the disadvantages of owning a home is that you can’t easily tap the equity built up in it. Selling is always an option, but people need a place to stay, and many elderly are hesitant to move. Wouldn’t it be great to tap into the equity of your home while living in it? One method is a...
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