Lang Law Office

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Helping You Navigate Complex
Legal Issues

Helping You Navigate Complex Legal Issues

March 2017 Archives

Gregory A. Lang

4 legal mistakes every landlord needs to avoid

Whether you have been leasing properties for decades or only a year or two, it can be easy to slip up and make little mistakes. When it comes to properties and contracts, though, the simplest mistake can become a very costly error. The best way to keep expenses low and maintain your good reputation is to avoid many of the most common legal missteps landlords make, such as these four.

Real estate foreclosure: 2 useful strategies

Businesses that own their place of business and homeowners may fall behind on mortgage payments for a variety of reasons. Regardless how it happens, if you've fallen behind on payments for a piece of real estate that is now under the threat of being foreclosed, you might not have to lose the property. At the very least, you might be able to sell the property and avoid getting dinged by a foreclosure on your credit report.

The complicated condominium: How to avoid buying one

Most Minnesota residents who buy a condominium are excited because it appears to be a simple real estate investment -- one that they don't have worry about taking care of like a stand-alone home. Nevertheless, if you've never owned a condo before, you might be surprised by a few legal hurdles that could pop up during the purchase of the property and after.

Consider your debt-to-income ratio when seeking a home loan

If you are starting to think about applying for a home loan, you will most likely go over your finances and try to determine how much money you will be able to reasonably and safely borrow. In addition to thinking about how much money you will have to put down - and therefore, how much you may have to seek via your loan -- there are other factors that will ultimately affect your ability to borrow money. Among the most important things your potential lender will consider is what is known as your debt-to-income ratio.

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