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When a Homeowner Dies, What Happens to the Home?

When a Homeowner Dies, What Happens to the Home?

What happens when a homeowner dies depends on whether there’s a will, the level of debt left behind, and how members of the deceased person’s circle think about others who could be beneficiaries of the estate. Understanding these factors can help...

Published on: August 14, 2024

What If the Deed Is Not Recorded? (Never Let This Happen.)

What If the Deed Is Not Recorded? (Never Let This Happen.)

By accepting a deed, you become a new property owner. Be sure to file the deed you accept with the county recorder’s office. The recording becomes your public notice that you now own the property described on the deed. You might have heard that a...

Published on: August 12, 2024

A Minnesota First: Twin Cities Suburb Requires Removal of Race-Based Deed Restrictions

A Minnesota First: Twin Cities Suburb Requires Removal of Race-Based Deed Restrictions

Mounds View, Minnesota is making history with its new ordinance requiring home sellers to remove race-based deed restrictions before selling. Mounds View adopted its new ordinance on July 23, 2024. It’s official. Mounds View, a Minneapolis –...

Published on: August 9, 2024

Troubleshooting After Divorce: My Name Is Still on My Ex’s Mortgage.

Troubleshooting After Divorce: My Name Is Still on My Ex’s Mortgage.

Maybe your ex got your former home through your divorce. And maybe you thought it made sense to let your ex keep the loan — after all, the interest rate on it is great! And those are your kids living in the home… why make life harder for them by complicating...

Published on: August 7, 2024

Can Working with a Real Estate Attorney Instead of an Agent Save You Money?

Can Working with a Real Estate Attorney Instead of an Agent Save You Money?

A lawyer can guide you through a real estate transaction. A lawyer can prepare (or check) your paperwork, represent you, and advocate for you. A lawyer runs the title searches, ensuring that the seller has a good title to transfer. Real estate attorneys...

Published on: August 5, 2024

Understanding Life Estate Deeds: Benefits and Drawbacks

Understanding Life Estate Deeds: Benefits and Drawbacks

It’s possible to deed your property into a co-ownership with the person who will receive your home after your life. Perhaps you plan to leave your house to an adult child, or even a friend. A life estate deed is one option. It keeps you...

Published on: August 4, 2024