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levied

“Pending” vs. “Assessed” vs. “Payable” vs. “Levied” (Huh?!?)

Best Advice to Home Sellers: “Tell What You Know” (Whatever That Is) [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Homeowners can be forgiven for not knowing the...
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3. So, Who Pays For That Post-Closing Special Assessment ” the Buyer or Seller?

Home Sale “Bones of Contention”** ” and How to Avoid Them [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Sellers don’t want to pay special assessments that are...
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“Live” vs. “Dead” Documents (Huh?!?)

Fill Out the Form and Forget it?  Not Necessarily OK, there’s no such thing as a “living, breathing document” — with the possible exception of the Declaration of Independence, the U.S. Constitution, etc. What I have in mind, though — at least in the context of residential real estate — are contracts/disclosures where one party...
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Real Estate’s OTHER Acceleration Clause

How Lenders (& Local Governments) Avoid Getting Left Holding the Bag First, a word about real estate’s better known — OK, less obscure — acceleration clause. Also known as a “due on sale” clause, it’s that little paragraph in very fine print at the end of each mortgage that provides if the homeowner transfers title...
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