3 legal questions have been posted about real estate by real users in Iowa. Ask your question and dive into the knowledge of attorneys who handle your issue regularly. Similar topics to explore also include easements, commercial leasing, and commercial real estate. All topics and other states can be accessed in the dropdowns below.
There are too many different variables to answer the question of to protect specific assets, as it currently is asked. It depends on numerous factual issues, such as who the creditor is.
You should consult a local estate planning attorney because each state has unique laws and a local attorney can determine how best to protect specific assets.
This is not intended to be legal advice, and is general in its nature. No attorney-client relationship exists or is formed by this information. Furthermore, this does not represent the views or opinions of LexisNexis or its affiliated companies....
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There are too many different variables to answer the question of to protect specific assets, as it currently is asked. It depends on numerous...
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Please see:
http://www.martindale.com/Results.aspx?ft=1&frm=freesearch&afs=consumer%20rights%20iowa
This is not intended to be legal advice, and is general in its nature. No attorney-client relationship exists or is formed by this information. Furthermore, this does not represent the views or opinions of LexisNexis or its affiliated companies....
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Please see:
http://www.martindale.com/Results.aspx?ft=1&frm=freesearch&afs=consumer%20rights%20iowa
This is not intended to be legal...
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Although it is very common in many places for a single attorney to handle a sale/purchase of real estate. Any such attorney should, in such cases, inform the parties that there is a technical conflict of interest. He/she may even ask for a written waiver from both parties. It is very easy for both parties to think that the attorney represents them. One attorney cannot represent both sides of a transaction when the interests of the parties are at variance.
You have said the price has been agreed upon, but you did not say whether the parties have agreed upon how, and by whom, the settlement costs will be paid -- and whether there might be other issues not yet agreed upon or perhaps even recognized to exist as yet.
So long as the terms of the transaction have been agreed upon and so long as the attorney is not drawn into the negotiation of the various issues, he/she will probably feel comfortable handling the transaction. If so, it certainly would save money and probably time as well. If the purchaser has not considered the purchase of title insurance, he should do so. Ask the closing attorney about the availability and cost of a policy of title insurance. There is a one-time premium. If the purchaser does not understand the nature and purpose of title insurance, ask the closing attorney to provide a bit of information about it.
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Although it is very common in many places for a single attorney to handle a sale/purchase of real estate. Any such attorney should, in such...
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