We hear about strange or unusual real estate stories on the news in Glen Oaks, Great Neck, NY, and the surrounding areas, but what if it happens to you? While some incidents might seem unusual, people do all sorts of interesting things and having a real estate attorney from the Law Offices of Aaron I. Katsman, P.C. as your advocate unraveling the situation is critical. It could be things like a boundary dispute, unrecorded features of a property that can change the use of it, or it might even be damage that happens to a property a day or two before closing, and now the question of who pays for what and how long it will take can impact the final sale. Situations like these require a real estate attorney to get involved in order to sort things out and make sure all of the legal requirements are fulfilled. Contact us today to start working with our real estate attorneys.
When You Purchase Real Estate from an Estate
It is one thing to purchase real estate from a person or a family; it is quite another to purchase a property from an estate. This typically means that the person who owned the property has passed on, and now the estate is selling assets and distributing funds to the family. What happens when a distant family member asserts their ownership in the property? Now the legal wranglings begin, and your real estate attorney will step in.
Complex real estate transactions also demand the assistance of a real estate attorney. For people or businesses doing a 1031 exchange of properties can get complex in a hurry, and timelines are important to follow to ensure penalties and fees do not apply. If one of the parties is dragging their feet, you don’t want to suffer from their delays.
When You Aren’t at Fault
Maybe you want to buy a house and everything looks normal, but then on the final walk-through you open a door and discover that a previous owner had dug a tunnel underground. This could lead to all sorts of issues with several different governmental entities, and you had nothing to do with it. Your real estate attorney is there to keep you protected while also dealing with the necessary issues to make things right and allow the transaction to move forward.
Nearly anything can come up in a real estate transaction in Glen Oaks, Great Neck, NY, and the surrounding areas, and while many of them are fairly routine and are only small bumps in the road, others can be full-on derailments. Our real estate attorneys at the Law Offices of Aaron I. Katsman, P.C. will help iron out the issues and allow your purchase or sale to go through unhindered. Contact us today to learn more about all our real estate services.