Why You Need a Good Real Estate Attorney
A heated real estate market offers unprecedented opportunities and risks. That's why it's so important to have reliable information and solid legal advice before you buy or sell property, or refinance your home. Capone and Keefe can help you avoid making costly mistakes. And if you are in arrears on your mortgage or facing forclosure, we can help you save your home. We can assess your options and help you make your decision. Once a decision has been reached, we will be there to guide you through the legal process every step of the way. We want our clients to feel comfortable. Consulting a lawyer shouldn't be intimidating. Each case receives personal attention. And you won't have any trouble getting in touch with us. Your calls will be returned promptly. When we quote you a fee, that's exactly what you'll pay. Some firms charge for all kinds of extras like emails and copying without telling you up front. At Capone and Keefe, there are no hidden fees.
What You Need to Know if You're Purchasing a Home
We will verify that the contract and any addenda have been signed by all parties before you pay for any inspections or mortgage applications. We'll review any agreements between you and the sellers involving personal property, repairs, change of closing dates, or any other matters not specified in the contract.
We will help ensure that you meet all inspection and contingency dates for the mortgage, home, septic, termite, and well. Missing a deadline may result in a waiver of the contingency. In the event that an inspection reveals any defects, we'll immediately contact the seller's attorney and attempt to resolve the problem and determine the liability of each party.
We'll guide you through the closing process, providing you with information related to obtaining a homeowner's insurance policy, establishing utilities in your name, making payments, and arranging for a final inspection of the house on the day of the closing. And should any problems arise after the closing, we are available to offer assistance.
What You Need to Know if You're Selling Your House
We will review your deed, survey, title insurance policy, and verify all pertinent information related to your current mortgage company.
We will advise you about how to go about obtaining necessary documentation including a Certificate of Occupancy and smoke detector and carbon monoxide certifications.
We will make certain that you fulfill all the requirements for the closing. For instance, you'll need to notify your insurance agent to cancel your homeowner's insurance in order to obtain a refund of the unexpired premium.
What You Need to Know if You're Refinancing Your Home
We can serve as an invaluable source of advice during the refinancing process. Because we are familiar with the many obstacles you may encounter -- ranging from extra fees charged by title and mortgage companies to complicated title problems - we are able to save you time and money.
We will help you sort through your options and choose the mortgage program that is best suited for you. We will never pressure you to close. We look out for your best interests. In addition, our average fees to handle the closing for a typical refinance are within $100 of what a title company would charge you. Keep in mind, though, that with a mortgage company, you receive no legal advice.
What You Need to Know about a 1031 Tax Free Exchange
We specialize in helping sellers of commercial real estate property or other investment property save money through the use of a special provision in the tax code. Ordinarily, if you sell commercial property, you could end up owing the IRS a significant amount of capital gains and other taxes. However, if you buy another piece of property, you may avoid capital gains taxes by taking advantage of what is called a 1031 tax-free exchange.
We work with an intermediary company that only handles 1031 tax-free exchanges. That means that you will be getting the tax break you desire with no surprises.
What You Need to Know if You're in Arrears or Facing Foreclosure
Losing a home is a frightening prospect. But it doesn't have to happen. If you're behind in your mortgage or facing foreclosure, don't hesitate to call us. At the very least you should learn what your options are. Most people don't realize that they can save their home because they don't understand what bankruptcy entails and how it can help them. In some cases, you won't need to file for bankruptcy. We can help you refinance your home or negotiate a deal with the Loss Mitigation Department of your mortgage company. However, in the majority of cases, bankruptcy is the best option. Mortgage mitigation departments usually impose terms that most people in a difficult financial situation are unable to meet, like paying half the arrears up front.
You may be under the impression that bankruptcy is no longer possible due to recent changes in the bankruptcy law enacted by Congress, but nothing could be further from the truth! The new law obliges many people to reorganize their debts rather than liquidate them altogether, placing them under Chapter 13 instead of Chapter 7. But where your most precious asset, your home, is concerned, bankruptcy remains a viable alternative.
Capone and Keefe can guide you through the bankruptcy process to make sure that you not only preserve your home, but save money as well. Don't delay, - though. It's better to act sooner than later. By filing a Chapter 13 bankruptcy petition early in the foreclosure process, you can save on many of the fees and costs that a mortgage company will charge. Your prospect of successfully completing your Chapter 13 case is enhanced, too, because the arrears that you will need to repay will be much lower. There is an additional benefit in that Chapter 13 stays the foreclosure proceeding. And by resuming your mortgage payments, you will be raising your credit score. Capone and Keefe have an extremely successful track record of refinancing Chapter 13 debtors out of bankruptcy once the debtor has reestablished a good payment history with the mortgage company and the trustee. Best of all, getting out of bankruptcy can be achieved in as little as six months!