Earnest 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 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 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 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...
Continue ReadingWhen you miss a payment on your home loan, your lender can start the foreclosure process. According to data provided by RealtyTrac, approximately 40,000 foreclosures were initiated in Texas in 2018 alone. Unfortunately, lenders do not always act in good faith when foreclosing on borrowers. If you were the victim of a wrongful foreclosure, you deserve a lawyer knowledgeable...
Continue ReadingWhether you are having a problem with your mortgage lender, or dealing with a construction dispute, there is a lot on the line in a real estate dispute. You do not have to navigate these complex issues alone. If you are involved in a real estate dispute, you should speak to an experienced real estate attorney about your case....
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