Grand Rapids Real Estate Lawyer
Knowing your rights and discussing them with an experienced real estate lawyer is important whether you are buying or selling a property, considering a real estate transaction, or are involved in a real estate dispute. Real estate law itself involves a wide variety of issues that are often overlooked such as foreclosures, lawsuits, property taxes, property deeds, insurance, mortgages, and many other issues surrounding the purchase and selling of property.
Buying a property is one of the largest purchases a person ever makes, and issues can occur at any stage of the transaction. Financing the purchase, making an offer, and understanding what the property is worth are all important. Furthermore, making sure that the home is inspected, the deed properly prepared, and all necessary repairs made are all preparations that should be completed before closing. Protecting yourself during each stage of buying a property involves knowing things like:
- Do any zoning regulations exist on the property?
- Are there covenants or restrictions that might restrict certain uses of the space?
- Are there issues with the chain of title that may cause problems later on?
- Are there other potentially hazardous issues with the property?
- Will the mortgage alter with time, or is there a balloon payment?
- What will the property taxes be based on a true assessment?
Real estate disputes don’t just happen at the bargaining table. Other issues like injuries, boundary disputes, encroachment, trespass, and nuisance present a series of often unforeseen problems best handled by a real estate attorney. Another common real estate disputes arises when a homeowner can no longer make their mortgage payment. This often results in foreclosure. If you have a property that is threatened with foreclosure, you should understand that the process involves many legal proceedings and that in Michigan, you often have six months to a year before you must vacate. Also, keep in mind that a bankruptcy may avert a foreclosure and save your house.
If you are facing foreclosure or other real estate dispute, attorney Jeffrey R. Portko will make sure you understand every option that is available to you. Portko is well versed in real estate law, and with over thirty years of experience and a knowledgeable legal staff here at Advocate Law Offices, he promises to fight for your rights as you navigate through any real estate transaction or dispute.