A lien is a legal claim against an asset, often used as collateral for a loan. In the realm of financial transactions, situations can arise where a lender, for various reasons, ceases to exist. Whether due to bankruptcy, acquisition, death of an individual lender, or simply closing shop, the absence of a lender can complicate […]
Category: Real Estate Law
Navigating New Changes: Texas Property Tax and Homestead Exemptions in 2024
As we step into 2024, Texas homeowners face significant changes in property tax regulations and homestead exemptions that promise to influence financial planning and property management. With the new legislative adjustments, understanding these changes is crucial for homeowners to ensure they maximize their benefits and comply with the new legal landscape. The Texas Legislature has […]
Navigating the Texas Real Estate Disclosure Requirements
When selling property in Texas, homeowners are legally required to disclose certain information about the property’s condition and history. This process is crucial for ensuring transparency and protecting both buyers and sellers from future legal disputes. Understanding Disclosure Requirements Texas law mandates that sellers must complete a Seller’s Disclosure Notice, a form that outlines the […]
Legal Solutions for Landlocked Properties in Texas
Landlocked properties present unique challenges for real estate owners in Texas. When a parcel of land has no public road or street access, and is surrounded by other privately owned properties, it is referred to as being landlocked. This situation can lead to complications for property owners, especially those who acquire such properties through tax […]
Understanding the Eviction Process in Texas
In Texas, the process of evicting a tenant can be complex and nuanced. It is governed by statutes and regulations that must be strictly complied with. Landlords and tenants alike must understand their rights and obligations to navigate this process effectively. Notice to Vacate:Â The eviction process typically begins with the landlord providing the tenant […]
Florida’s New Anti-Squatter Law and Its Implications
Recently, Florida Governor Ron DeSantis signed a new anti-squatter law, officially known as Bill 621, which has significant implications for property rights and management in the state. This law represents a drastic shift from traditional approaches to squatting, which is legally known as adverse possession. Florida’s Shift: Eliminating Squatter Rights Under the new Florida law, […]
House Bill 14 Springboards New Home Development
Here at the Silberman Law Firm, our attorneys frequently receive calls from potential new clients complaining of and about their new construction (both residential and commercial) taking much longer than they expected to complete. Some of the delay in these new builds can definitely be attributed to lazy developers, but a not-insignificant amount of the […]
Does Mortgage Discharge in Bankruptcy Remove the Underlying Lien?
Filing for bankruptcy significantly affects mortgage obligations, a reality often misunderstood in Texas. The law draws a crucial distinction between discharging debt and removing property liens. This nuance is vital for homeowners considering bankruptcy and its implications on property ownership and sale. Bankruptcy Misconceptions and the Reality of Liens Many believe that bankruptcy frees them […]
The Wholesaling Trap: 5 Red Flags To Look For When Selling a Home in Texas
Receiving a purchase offer after putting a home on the market can be an immense relief for a Texas homeowner, especially if said homeowner is under pressure to sell due to personal circumstances. Unfortunately, as some homeowners learn too late, not all parties who submit purchase offers are genuine buyers.  The practice of real estate […]
The End of an Era: The Shift in Real Estate Agent Commissions in 2024
In a move that has sent ripples across the real estate industry, the once-standard 6% commission rate for real estate agents is undergoing a transformative shift in 2024. This development is not just a minor adjustment but a significant change that reflects evolving market dynamics, technological advancements, and consumer demands for greater flexibility and transparency […]