Being a Memphis and Chattanooga real estate lawyer and owning a regional title company I see interesting situations pop up all the time. Some are easy to fix, while others take a little more patience and often times a lot more time. On this blog I’ll try to keep you guys informed of interesting situations that I run across [...]
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Category Archives: Legal Problems
New Tennessee Law Prohibits Agents from Rebating Commissions
Governor Phil Bredesen just signed a new law here in Tennessee that prohibits real estate agents from giving away cash rebates, gifts or prizes in conjunction with a real estate transaction. The bill, SB1160, had been backed by the Tennessee Association of Realtors.The bill passed despite a letter being sent by the Department of Justice [...]
What Happens if the Home Seller Declares Bankruptcy Before Giving the Buyer Possession?
Many real estate investors will purchase a house and allow the seller to stay in the home for a short time after the sale of the home is completed. But doing this could come back to bite them. Here’s one example of why you should always take possession at closing.
Recently we had a client who purchased [...]