The Licensed Professional Inspections portion of Section 10 of the 2018 OREF Statewide Residential Sale Agreement form, contains the following provision: Buyer shall not provide
Remember, “exceptions” noted in a preliminary title report (“PTR”)[1] or title policy, are the title insurance company’s exclusions from coverage. This means, for example, that
“The way for a person to develop a style is (a) to know exactly what he wants to say, and (b) to be sure he
[Trigger warning: This post has not been vetted by the Sensitivity Police. If you are offended by sarcasm, irony, satire, mockery, cynicism, acerbity, disdain, jest,
The following Summary addresses the major changes made to the OREF forms that will become available for 2018. Some changes were stylistic and grammatical, and
What is a Contingency? In its simplest form, a contingency is generally an event that must first occur before the contract will become fully binding.
Answer: When the provision making it non-refundable has been poorly drafted. Too many times I have seen sellers want to lock their buyers into a
Generally. The concept of title to land, i.e. its “ownership”, is fairly obvious, just like ownership of a vehicle, personal property, or other tangible and
For those who experienced, even tangentially, some of the fallout from the housing and foreclosure crisis, circa 2007/8 – 2012, most are aware of the
Homebuyers come in many varieties: Some are gullible, some naïve’, some suspicious, and many are in between. While it is true that first-time homebuyers should,
