Tag: Real Estate Transactions
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How a Durable Power of Attorney Works for a Home Deed—And How to Create the POA in 8 Steps
Have you thought about estate planning and your home? One tool you should know about is the durable power of attorney. A durable POA can help a senior deed holder manage property and money, even when they’re losing the ability to do this personally. The document names your agent(s) and lays out their continuing authority…
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Now It’s the Deepfakes. Protect Deeds and Accounts From AI-Generated Imposters
Real estate transactions involve large money transfers. Creative swindlers love those. And now, progress in artificial intelligence (AI) brings new opportunities for real estate fraud. Shady actors are using real people’s voice or image samples to create recordings and persuade buyers and sellers to respond to questions with key information. Then the scammers hijack the…
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Florida’s Highlands County Introduces New Ordinance for Real Estate Transactions with Roadway Verification Requirement
In a recent update from the Highlands County Board of County Commissioners, a new ordinance (No. 22-23-23) has been established that directly impacts real estate transactions within Highlands County, Florida. This article aims to provide an informative overview of this ordinance, its requirements, and its implications for property transfers in the area.
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Oregon HB 2029 and Its Impact on Real Estate Deeds
In a significant move to improve the legibility and accessibility of recorded documents, Oregon has passed House Bill 2029, which comes into effect on January 1, 2024. This bill amends Oregon Revised Statute 205.232, specifically raising the minimum font size for recorded documents from 8-point to 10-point type.
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Hawaii Land Court/Torrens Document Processing Update
The Hawaii Bureau of Conveyances (BOC) has announced significant changes to the processing of Land Court/Torrens documents, effective from November 27, 2023. This update comes in light of unexpected staffing challenges that have affected the bureau’s operational capabilities. Extended Turn-Around Time for eRecording The BOC has advised that due to these staffing issues, the processing…
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Navigating Oklahoma’s New Land Ownership Law: A Guide to Compliance
With the enactment of Senate Bill 212, Oklahoma tightens the reins on foreign land ownership, taking effect on November 1, 2023. This initiative comes in the wake of increased foreign-owned marijuana farming operations. The amended law now restricts indirect land ownership by foreign individuals unless engaged in regulated interstate commerce as per federal law. A…
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Texans Welcome New Guidance for Quitclaim Deeds
Adverse Possession Also Clarified Congrats to Texas, where the government just gave a boost to the quitclaim deed! People who receive their homes through recorded quitclaim deeds will now be on firmer ground in the Lone Star State. Here’s what you need to know.
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The Quitclaim Deed’s Function in a Contract for Deed Sale
A contract for deed sale can present a convenient alternative to the traditional real estate conveyance. In this owner-financed deal, the buyer usually lives on the property upon the execution of the contract. While enjoying the property, the buyer pays for it in monthly installments, until the agreed-upon price has been paid in full. Down the road, when full payment…
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What is a Special Warranty Deed?
If you’re like most people planning to make a real estate purchase, you want to know that the property you’re purchasing is actually owned by the seller, that it’s in reasonably good shape, and that the title is free of defects. Real estate transactions aren’t always as seamless or clean as buyers might like, though.…
