Builders Can No Longer Provide Seller Financing to New Buyers
By: Transactional Department Pennsylvania’s new Mortgage Loan Industry Licensing and Consumer Protection Law, intended to provide better government control over mortgage lending practices, was amended in August 2009. The law requires that, in almost every instance, anyone issuing a loan primarily for personal, family or household use, which is secured by a mortgage on residential …
Read Your Title Report!
By: William J. Burke, III Whether you are buying a home, a lot on which you hope to build your dream home, an investment property, or land that you hope to develop, the quality of title is often the most important aspect of the transaction. Title problems, such as easements, may impact the value …
Should You Get a Survey Before Buying that Property?
By: William J. Burke, III Professional developers almost always obtain a new survey before buying property for further development, yet consumers buying homes or building lots for personal use, and casual investors buying investment properties such as existing office buildings or apartments, get a survey infrequently. What do the developers know that you don’t? …
How to Navigate Client and Customer Bankruptcies
By: Transactional Department With the current economy, more and more people are filing bankruptcy. If you are a bank or business owner then it is likely you have had to deal with a client or customer bankruptcy at least once. If you haven’t, you probably will have to in the months to come. So what …
Managing Your Legal Experience
In these economic times we are often asked by the client how they can help their legal case along, or control the costs. Here are a couple of tips to manage your legal experience: Many lawyers send engagement/fee letters. They set out the terms of the representation–basically what you pay, when fees are due, retainers, …
Personal Liability of Sole Shareholders
February 23, 2009 By: Theodore F. Claypoole If you are a shareholder of a corporation or a member of a limited liability company, then you may subject yourself to personal liability if you fail to hold yourself out as an officer or member of the entity. Recently, the Centre County Court of Common Pleas …