Statman, Harris & Eyrich, LLC represents a number of institutional lenders on commercial and residential real estate closings. SH&E is proud to have Carew Title Agency as part of its firm. We also represents lenders on commercial loan transactions. So if professional lending representation is what you need, or you are just looking for someone who can successfully close your loan right the first time, our real estate attorneys are always happy and willing to assist you.
Real Estate Law
Real Estate Law addresses many legal topics and is governed by state and federal statues, along with common law. In actuality, many aspects of real estate law are also seen in contract law, and individuals must realize that when one talks about realty, real property or real estate, they are all referring to the same thing. Real property covers more than tangible assets. It includes the land and any immovable or permanent structures, such as bushes, trees, sheds, outbuildings and minerals on the land. The definition extends beyond this, also covering the benefits, interests and rights associated with real property ownership, including on, above and below the land.
Real Estate Issues Companies May Encounter
As real estate law is extremely broad, the issues range from the simple to the complex. A company or individual may require assistance with real property rights and interests while another needs help with zoning and land use issues. Home loans and foreclosures fall under this law area, as do landlord, tenant, and rental property issues. Property development, agriculture issues, sales and purchases may also require the assistance of a real estate attorney, as they handle the transfer of ownership along with other entities to ensure problems don’t arise in the future.
Mortgages and equity loans fall under the jurisdiction of real estate law, as do neighbor disputes. Companies or homeowners could find they need to sue a builder due to a construction defect such as toxic mold, or a property owner may find they have a question about eminent domain, land planning, or land use. Any issue impacting a renter, home buyer, home seller, landlord or homeowner can qualify as a real estate law issue.
Legislation And Real Estate Law
Individuals need to be aware of the Federal Fair Housing Act, legislation designed to prevent discrimination in any real estate transaction. One can’t discriminate against a person based on national origin, race, color, sex or religion. In addition, real estate brokers are banned from doing the same. The USA Patriot Act requires that earnest money deposits be reported, and the National Flood Insurance Program calls for flood insurance in specified areas.The Community Reinvestment Act is a law that banks must follow which states they are required to provide loans in any area where they collect deposits, and the Free Credit Reporting Act allows a consumer to see their credit reports from each consumer reporting agency once a year at no charge. In the event someone in real estate violates one or more of these laws, a person should seek legal guidance.
Problems Seen In Real Estate Law
Due to the complexity of this practice area, numerous complications may arise. Laws vary by city and state, leading to confusion among individuals as to what laws apply to them. An experienced real estate attorney is versed in the laws that apply to cases, from a routine matter like drafting a deed to zoning disputes, which tend to be extremely complex. For this reason, anyone dealing with a real estate legal matter needs to seek guidance from an attorney who handles these matters regularly.
Companies, individuals, and institutional lenders turn to the real estate attorneys at Statman, Harris & Eyrich, LLC when they need assistance with residential and commercial real property closings. The firm includes Carew Title Agency to make it easier for clients, and they represent lenders when it comes to commercial loan transactions. Professional lending representation is one area the firm specializes in, and the same is true of loan closings. Contact the firm for assistance in any real estate matter, as the attorneys will be happy to work with you to resolve the issue in the shortest time possible.
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