Answer: When the provision making it non-refundable has been poorly drafted. Too many times I have seen sellers want to lock their buyers into a
Generally. The concept of title to land, i.e. its “ownership”, is fairly obvious, just like ownership of a vehicle, personal property, or other tangible and
For those who experienced, even tangentially, some of the fallout from the housing and foreclosure crisis, circa 2007/8 – 2012, most are aware of the
Homebuyers come in many varieties: Some are gullible, some naïve’, some suspicious, and many are in between. While it is true that first-time homebuyers should,
General. Ownership of real property is evidenced by a deed, which is the physical evidence that one has “title”, i.e. full ownership. When buyers purchase
Oregon Broker Duties Regarding the Use of Experts. ORS 696.805(3)(e) and 696.810(3)(e) both state that one of a licensee’s duties is to “To advise the
Why Boundary Disputes Arise. Over the past several years, it seems that boundary disputes have been on the uptick. One reason for this is that
Background. On April 4, 2016, the U.S Department of Housing and Urban Development (“HUD”) issued its “Office of General Counsel Guidance on Application of Fair
The OREF Residential Sale Agreement provides at Section 10 (Licensed Professional Inspections) that: “Buyer shall promptly provide a copy of all reports to Seller only
Background. Not long after the housing bust and collapse of affordable mortgage lending, the “new subprime” became the FHA, that government home loan program insured
