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Tobin Talks: Video_Widget
TOBIN TALKS VIDEO LIBRARY
Explore our ongoing series called Tobin Talks, in which firm founder Michael S. Tobin offers insights on a range of real property topics. If you have any questions about what you see here or your own property law issue, please contact us for a private consultation.
Utility escrows at closing
When you buy a property, you don't want to get stuck paying your Seller's bills after closing. In addition to a title search, we must ensure that all services (sewer, water, etc) are paid or provided for at closing. In this Tobin Talk, Michael explains the importance of a municipal lien search and how to protect a new owner from unwanted bills after closing.
How to reduce the risk of wire fraud in real estate transactions
Unfortunately in real estate transactions, wire fraud is a serious risk. All participants to a transaction must take this topic seriously. In this week's Tobin Talk, Michael explains best practices to prevent an interception of wire transfers.
Why is Title Insurance so Important?
At closing, buyers often are inundated with closing charges. Some relate to the loan, some the purchase, some are Buyer/Seller adjustments. However, title insurance may be the most important long term. It’s a one time insurance premium payment covering the life of the ownership of the property. It covers your purchase price and insures against any claim of adverse interest, such as outstanding mortgages, liens, judgments, claims or interests made by other parties. Like all insurance, it’s best if you don’t ever need it; but if you do need it, you will certainly be glad you have it!
Taking title to real property in a LLC
If there's a time to give thought to how to take title to real property, it's before closing. Especially if considering titling property in a LLC. In this Tobin Talk, Michael explains the pros and cons of taking title in this manner. He also explains the relevant documents involved.
What if you need to partition real property?
Some times two or more people own real property as joint tenants, and then a disagreement arises and the parties can't agree on whether to sell or otherwise use the property going forward. In this instance, the law provides for a partition action. In this TT Michael gives us an understanding of what this means, why it happens and how to resolve it.
What exactly is a settlement statement?
Have you ever had your doubts about what exactly a Settlement Statement is and why it is so important? In this week's Tobin Talks, Michael gives us a brief explanation on the subject so we know exactly what and why we are signing this important document in the moment of selling or buying a property.
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