Never loan money to friends and family! Gosh, how many times have we heard that advice? But, what about being the borrower, that can’t be too bad, right? Well, to be sure, money exchanged between friends and family is often tricky.
Thirdly, get professional appraisal. Your bank has a preferred accredited appraiser who will be able to give you a reasonable market value on your property based on location, size and building structure. The best thing about most appraisers is that they have records on which properties in your immediate area were sold for.
Especially if you have entrusted your case to one of the larger personal injury firms, your case may be pushed onto an associate who has nothing financially to gain by handling your case in an aggressive manner. The famous partner known for several multi-million dollar jury verdicts may simply not have the time for your little case. Don’t be surprised if some fresh faced 24 year old gets handed your file. Now don’t get me wrong. Many young lawyers are filled with energy for effective battle with the insurance companies. But many are handling a hundred or more other files and yours may be placed on a very slow assembly line.
Remember. The correct idea of learning is to understand and put to practical use of the knowledge to life and through experiences, constantly customizing them to suits you. In simple, to be flexible.
Do more research. Ask people who know where to find credible investments. Consult a real estate lawyer utah or professional. These guys are very willing to name before.
If you look at nothing else, get a copy of the certificate of insurance, which is a summary of the association’s policy. First see if the real estate lawyer replacement costs covered by the policy are an accurate estimate of the cost of rebuilding. On older buildings, there may have been many code upgrades since the time of construction. Finally, make sure that you understand exactly what the association policy covers and what you are responsible for. The smart condo owner will insure his or her personal belongings, along with any other items within the unit that are not covered by the association’s policy. If you have trouble understanding the insurance lingo, take the insurance certificate to an agent whom you trust and who understands the state laws.
In New York State Realtors have a new law that makes it more difficult for a person to lose their home to someone who will never live in it but rather flip the home for a tidy profit, essentially stealing the delinquent owner’s built up equity.
You need to be very vigilant in this area, because you are vulnerable at this stage of your life and cannot focus entirely on the finer details of the case. Unfortunately, some lawyers know that and will exploit your situation.