Virginia Bankruptcy Exemptions, Laws, and Resources
When filing for bankruptcy in Virginia, federal exemptions are not available. In this article, you will find a list of state exemptions available to debtors in Virginia....
Legal
Legality of a Unrecorded Notarized Quitclaim Deed
A quitclaim deed, which is a legal document used when one person wishes to surrender interest in shared property, should be filed with the local recorder's office. However, even if it is not recorded ...
Assets That Do Not Pass Under a Will
Depending on the types of assets you own and how you hold title to them, you may not be able to convey all of your property to beneficiaries using a Will....
If the inspection is not satisfactory, can the buyer back out of the deal?
If the inspection is not satisfactory, can the buyer back out of the deal?...
What are “title insurance” and “mortgage insurance”, and are they necessary?
What are 'title insurance' and 'mortgage insurance', and are they necessary?...
Mortgage Contingency Clause in Real Estate Home Purchase Contract
A “loan contingency clause”, also known as a “mortgage contingency clause” , is a provision in the home purchase contract that says that if the prospective buyer can't get a mortgage within a ...
Homeowner with Outstanding or Upside Down Mortgage
If the value of your home drops, making the amount of your mortgage higher than the actual value of the property, you are considered to have an “upside down mortgage.” However, an upside down mort...
Liability of Building Owner to Fix Building Code Violations in Commercial Leases
When it comes to whether implied warranty of habitability applies to commercial leases, this duty differs from state-to-state. In jurisdictions that do not extend the warranty to commercial settings, ...
Pros and Cons of Buying a Home
Advantages and disadvantages of owning a home...
Fighting an Approved Rezoning Request
When a rezoning proposal is passed there are still many options for property owners who want to oppose the action. Any appeal of a rezoning decision by a zoning board can be a complicated legal matter...
Zoning Rules for In-Law Units
Whether or not an in-law apartment is allowed depends on exactly what type of structure you want to construct and what the zoning rules are for the area where you live. If the in-law apartment is cons...
Zoning on Home Conversions
It is almost always possible to convert uses for portions of your home such as basements or garages. For the most part a simple conversion of a basement or garage into a living room, game room, or oth...
What Are Responsibility for Passing Zoning Laws?
Zoning is a purely a county, city, or municipal affair. Though zoning laws are somewhat universal, the classifications used to describe zoning are not uniform from place to place. ...
Major Types of Zoning Classifications
What are some major types of classifications?...
How Home Foreclosure Affects a Renter
When landlords lose properties to foreclosure, tenants are often in trouble. Tenants who get evicted have a few remedies against their former landlords including exercising their rights to “quiet en...
Help for Older Homeowners in Foreclosure
Older homeowners in foreclosure have one advantage that others do not. The Older Americans Act of 1965. The Act created the federal Administration on Aging, which in turn funds state Legal Aid offices...
Avoid Home Foreclosure by Become a Landlord and Renting a Room
Some people who are facing a potential foreclosure engage in homesharing—renting a room in their home in order to earn income with which to pay the mortgage. ...
Facing Foreclosure: The Homeowner’s “Produce the Note” Defense
A “Produce the Note” defense is a way of buying time when you are in foreclosure. It works better in some jurisdictions, but not in all jurisdictions....
What Happens to a Second Mortgage in a Home Foreclosure?
While it can vary greatly from state-to-state, once the lender on a first mortgage forecloses on a property, the lender will sell the first mortgage to the highest bidder in a foreclosure auction sale...
What problems arise for the seller and the buyer in owner financed homes?
Owner (seller) financing is a situation where the seller of real property agrees to loan the buyer directly a certain dollar amount of “equity” in the seller's home as part of the ultimate sales p...
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