What is a Qualified Personal Residence Trust?

A Qualified Personal Residence Trust (“QRPT”) permits you to transfer ownership of your residence to your family during your lifetime but still retain the exclusive right to live in the residence, while reducing the size of your estate for estate tax purposes. This type of trust is specifically … [Read more...]

Home Purchases and Contingency Clauses

Contingencies are added to home purchase contracts for a number of purposes. In essence, a contingency clause protects either the seller or the buyer when a condition or action occurs. As your College Station real estate attorney will tell you, contingency clauses are binding and must be met before … [Read more...]

How Eviction Works

If you are a landlord, it is very important that you be familiar with the eviction laws. The eviction process can prove difficult, so you should strongly consider working with a Bryan real estate attorney. Termination of Tenancy Even though you are the landlord, you cannot simply tell a tenant to … [Read more...]

Mortgage Portfolios

As a potential landlord you will need to find a mortgage to purchase the property you wish to rent. It is a good idea to have a Bryan real estate lawyer in your corner to help with this task. Mortgages and Portfolio Lending Conventional mortgages are made by banks. When a landlord qualifies for a … [Read more...]

Eminent Domain and Land Use

Occasionally a governmental entity or private one given authorization by the government, may submit a condemnation notice for eminent domain use. Eminent domain is a power given to state and federal governments to take land for public use. At times there are disputes over land use rights under the … [Read more...]

How to Quitclaim a Jointly Owned Property

Quitclaim deeds are a means by which property ownership rights can be conveyed. However, they are not highly regarded and are rarely used because of their limited effectiveness. If you wish to quitclaim a jointly owned property, consult your College Station real estate attorney. Quitclaim Deeds and … [Read more...]

Using Crowdfunding in Real Estate Investments

In 2013 the various components necessary for implementation of Title III of the JOBS Act were set in place when the Securities and Exchange Commission released rules for business start-ups and a unique form of equity-based investing called Crowdfunding. Now crowdfunding is being used for real estate … [Read more...]

Investing as an Estate Planning Strategy

The purpose of estate planning is to save as much as possible from federal taxes and maximize the amount of the estate assets for the benefit of heirs. There are numerous strategies that your Bryan estate planning attorney can discuss with you, one of which is to invest a portion of the estate … [Read more...]

The Rules for HUD Closings Changes August 1

Significant changes in real estate lending are taking place on August 1, 2015. The purpose of these changes is to help consumers better understand mortgages and disclosures, as well as make it easier to compare loans. Your Bryan real estate attorney can help you with any questions you have, but an … [Read more...]

Financing Private Real Estate

If you are a private real estate investor, you may for a variety of reasons need to consider an alternative method of financing a purchase. While bank and credit union loans are by far the mainstay of financing real estate, there are options. It is important to consult a College Station real estate … [Read more...]