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Don’t ignore property issues when buying a short sale home

On behalf of Lang Law Office posted in Real Estate Transactions on Friday, January 27, 2017.

Purchasing a home on short sale happens when a buyer purchases a home for less than the amount the owner owes on the mortgage. These are usually homes that are facing, or about to face the threat of foreclosure proceedings. In these situations, the lending organization must first give permission for the short sale. The… Read more »

Understanding the Basics of the Estate Tax

On behalf of Lang Law Office posted in Estate Planning on Tuesday, January 17, 2017.

Many people don’t realize that even death cannot provide an escape from taxes. In fact, there is a specific tax law in the United States tax code called the Estate Tax. Many people call this the death tax because the tax is triggered when the owner of the estate dies. While many people assume that… Read more »

Radon disclosures when selling real estate property

On behalf of Lang Law Office posted in Residential Real Estate on Thursday, December 29, 2016.

Minnesota residents don’t usually think about radon dangers, but when radon is present in a home, it can pose serious threats to the people who live there. Radon is a carcinogenic radioactive gas that you cannot see, taste or smell. Longterm exposure to radon can lead to lung cancer. In fact, the U.S. Surgeon General… Read more »

Zoning regulations: Make sure you know what you’re getting into

On behalf of Lang Law Office posted in Residential Real Estate on Wednesday, December 14, 2016.

One of the biggest mistakes that novice real estate investors make is to purchase a commercial property without first checking the zoning regulations relating to that property. The fact is, some Minnesota properties have been legally zoned so that they can only be used for certain types of commercial purposes. For example, you might have… Read more »

The role of an executor

On behalf of Lang Law Office posted in Estate Planning on Thursday, December 08, 2016.

Choosing someone to be the executor of your will is one of the biggest and most important decisions you’ll make. Whoever is bestowed the responsibility of handling your estate needs to be trustworthy, willing to honor your requests and in good health.Choosing someone to be the executor of your will is one of the biggest… Read more »

4 properties formerly owned by Prince for sale in Minnesota

On behalf of Lang Law Office posted in Real Estate Transactions on Wednesday, November 30, 2016.

Four Minnesota real estate properties that Prince owned were put up for sale in mid-November, with two more expected to be put on the market soon. All four of the properties are situated in Chanhassen. One of them, where the deceased musician lived at one time, is a 5,654 square-foot property situated on a 1.5-acre… Read more »