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Expert Insights on Real Estate Deeds:
Your Child Will Be Your Successor in Interest. What Does This Mean?
A successor in interest may be the person who inherits your home or otherwise receives an ownership interest from you. It’s a person who takes on the rights and responsibilities connected with the deed. In short: A “successor in interest” is someone...
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Read moreA Deed for a Dollar: When It Works, When It Doesn’t
Maybe you’ve thought about “selling” your home to your adult child for a dollar. The legendary probate workaround. No gift, no gift tax, right? And you’ve passed on your home without probate. Easy peasy! Wait a minute. Are you sure you didn’t...
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Read moreMaine’s Top Court Stops Condo Deed Holder From Being Kicked Out
Once upon a time, in 2022 to be precise, the Tidewater Loft Condominiums Association sued Judith L. Moskal-Kanz. They sought to foreclose on her unit and sell it. Moskal-Kanz bought the condo unit in Old Orchard Beach, Maine through a warranty...
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Read moreIs It Time to Do Away With Homeowners’ Associations (HOAs)?
Homeowners’ associations (HOAs) are made up of a few busybodies trying to have control over everyone else. So says Representative Juan Carlos Porras of Miami, who calls the HOA model a failed experiment. It’s a view that resonates with...
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Read moreLook Who’s Coming for Home Seller Information: Google Expands Real Estate Listings in Search.
There’s some big news out there, involving how we all search for homes. Google real estate listings are back. You might see them if you use Google Search on your phone. After an eight-market pilot, Google and HouseCanary are expanding home listings...
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Read moreCan a Transfer on Death Deed Save Your Family Money?
Seniors hold deeds to a third of all owner-occupied homes. In the coming years, they’ll spend a lot of money in estate planning. Those who want a simple, cheap way to transfer the home at death have a new option in many states: the transfer on death...
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