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lien waiver
Lien Waiver

Forgot Lien Waivers? Why (Most) Home Sellers Don’t Need to . . . um, Sweat It

Savvy Buyers making an offer on a newly remodeled home want to make sure they’re not inheriting a liability from their Seller. Specifically, they’ll want evidence that the Seller has paid all their contractors in full. The evidence? A legal release — called a “lien waiver” — that the contractors execute once they’ve been paid....
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Handling Issues That Come Up on Inspection: Two Options

The Easy Way . . . and the Hard Way The Buyer’s inspection revealed a material defect in the home that the Seller doesn’t dispute. Both parties want to stay in the deal. What are their options? Option #1: the Seller fixes the problem, prior to closing. Here are the related steps: One. Buyer and...
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Handling Issues That Come Up on Inspection: Two Options

The Easy Way . . . and the Hard Way The Buyer’s inspection revealed a material defect in the home that the Seller doesn’t dispute. Both parties want to stay in the deal. What are their options? Option #1: the Seller fixes the problem, prior to closing. Here are the related steps: Buyer and Seller...
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Handling Issues That Come Up on Inspection: Two Options

The Easy Way . . . and the Hard Way The Buyer’s inspection revealed a material defect in the home that the Seller doesn’t dispute. Both parties want to stay in the deal. What are their options? Option #1:  the Seller fixes the problem, prior to closing. Here are the related steps: Buyer and Seller...
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Handling Issues That Come Up on Inspection: Two Options

The Easy Way . . . and the Hard Way The Buyer’s inspection revealed a material defect in the home that the Seller doesn’t dispute. Both parties want to stay in the deal. What are their options? Option #1:  the Seller fixes the problem, prior to closing. Here are the related steps: Buyer and Seller...
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Off-the-Rack Suits — and Real Estate Contracts

Looking for a Size 47 1/2 How is drafting a real estate contract — or almost any contract, for that matter — like picking a men’s suit? In both cases, the usual starting point is to select the closest-fitting, existing garment — er, legal boilerplate — you can find. Step #2:  altering (“customizing”) it to fit...
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