Construction defects can be a huge headache for homeowners. If you are in the process of buying or selling a home, it is important to be aware of the most common types of construction defects. Structural defects Structural defects refer to any defect that is related...
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The facts about deed restrictions
When you choose to live in a planned community in Idaho, you agree to abide by any existing deed restrictions limiting your homeowner rights. Failure to adhere to the conditions may result in fines or litigation. Purpose One of the primary purposes of residential deed...
How does defeasance affect commercial real estate?
Commercial real estate investors may pay prepayment penalties when favoring fixed-rate debt financing. The prepayment penalties appear when setting their debt ahead of their loans' maturity dates. Idaho law has buyers and sellers execute and deliver all documents and...
Real Estate Ownership With a Quiet Title
A quiet title lawsuit is a way for a homeowner in Indiana to resolve any and all outstanding issues related to the ownership of the property. When there is a lingering question about the ownership of the house, then this litigation can put an end to them. Quiet title...
Making your title insurance claim
Procuring a mortgage loan in Idaho doesn't need to be a complex process. There are plenty of methods that you can make use of in order to simplify things. The key to getting a good deal is knowing what you want. You also need to know how to protect it once you have...
Enforcing a mechanic’s lien in Idaho
A mechanic's lien in Idaho is filed by subcontractors and suppliers against clients who do not pay their fees. This lien, also known as a contractor's lien, places an encumbrance on a property's title. Lenders and buyers are alerted that the person is not allowed to...
Title insurance may have some value to buyers
Buying a home sometimes comes with unpleasant surprises, including discovering the property has material defects after the closing. Other matters could be more shocking, such as discovering the seller didn't own the property. Idaho buyers that purchased title...
Tips for long-distance real estate investing
Long-distance investing is an option if the market where you live isn't good for real estate investments. Even if the real estate market is great where you live in Idaho, you may find yourself wanting to expand into other areas to grow your portfolio. Find the right...
Is it time to file a quiet title action?
Idaho is a state that is home to many beautiful properties. With that said, disputes can arise when a party is trying to sell or buy a property without it having a clean title. If this happens, one way to resolve this matter is to file a quiet title action. Here's...
What inverse condemnation is and how it can help you
Eminent domain is a common tactic used by governments in Idaho to improve areas they deem necessary for redevelopment. Although, for the most part, property owners get a fair price for their real estate if they negotiate with the governmental body, what happens if the...