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    <title type="text">Lang Kauppi Overhaug Law, PLLC</title>
    <subtitle type="text">Lang Kauppi Overhaug Law, PLLC</subtitle>

    <updated>2025-09-17T17:33:07Z</updated>

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        <entry>
            <author>
									                    <name> Lang Law Office P.A.</name>
				            </author>
            <title type="html"><![CDATA[Litigation Relating to Commercial Construction Defects]]></title>
            <link rel="alternate" type="text/html" href="https://www.langlawoffice.com/blog/2017/10/litigation-relating-to-commercial-construction-defects/" />
            <id>https://www.langlawoffice.com/?p=47903</id>
            <updated>2024-04-12T16:00:16Z</updated>
            <published>2017-10-16T11:28:42Z</published>
					<taxo:topics><![CDATA[Residential Real Estate]]></taxo:topics>
            <summary type="html"><![CDATA[It takes a lot of time to complete a large construction project. It also takes a lot of different construction crews that specialize in different areas of the construction process. Most importantly, though, it takes a great deal of money to complete a large-scale project. The problem is, during all the different phases of construction, there are many places where…]]></summary>
			                <content type="html" xml:base="https://www.langlawoffice.com/blog/2017/10/litigation-relating-to-commercial-construction-defects/"><![CDATA[It takes a lot of time to complete a large construction project. It also takes a lot of different construction crews that specialize in different areas of the construction process. Most importantly, though, it takes a great deal of money to complete a large-scale project.

The problem is, during all the different phases of construction, there are many places where things can go wrong. When errors are discovered later on down the road — which they often are — they can be extremely expensive for the building and property owners to repair. When these errors were the fault of the construction companies that built the building, the construction companies in error could be liable for the costs associated with fixing the issue.

At the Lang Law Office in Minnesota, our firm has successfully represented a number of property owners in construction defect claims relating to:

— Foundation issues: When a foundation is not built properly it can the structure of a building, cause unwanted water leaks, and result in cracks in the flooring and create certain dangers for those who are using the space.

— Insulation: Insulation is an easy area for construction firms to skimp on and it is not uncommon to discover a poorly completed insulation job. This can cause a building to be less than energy efficient, and create problems with the building’s climate control systems.

— Plumbing: A plumbing problem, especially when it relates to building-wide problems or issues in the foundation of the building, it can be very costly to repair.

— Roof: The roof is a primary part of a building’s structure, and it’s also an area of construction where a lot of things can go wrong. It is not uncommon for a building owner to discover the first time there is a hard rain that the building’s roof is not secure against rain.

At the Lang Law Office, we help the owners of apartment buildings, condominiums, office buildings and others address problems regarding construction defects the kinds of <a href="/real-estate/" target="_self" rel="noopener" data-wpel-link="internal">construction defects</a> listed above and more. We assist individuals and businesses in the Greater Minneapolis area negotiate with negligent construction firms that failed to fulfill the service agreements they promised to adhere to, and when necessary, we represent our clients in construction litigation trial proceedings.]]></content>
						        </entry>
	        <entry>
            <author>
									                    <name> Lang Law Office P.A.</name>
				            </author>
            <title type="html"><![CDATA[Iconic Home Of Mary Richards Has Finally Sold]]></title>
            <link rel="alternate" type="text/html" href="https://www.langlawoffice.com/blog/2017/10/iconic-home-of-mary-richards-has-finally-sold/" />
            <id>https://www.langlawoffice.com/?p=47907</id>
            <updated>2024-04-12T16:00:28Z</updated>
            <published>2017-10-10T11:36:17Z</published>
					<taxo:topics><![CDATA[Residential Real Estate]]></taxo:topics>
            <summary type="html"><![CDATA[One of the most famous pieces of real estate here in the Minneapolis area is the house that 1970s iconic, independent career gal Mary Richards and her friends Rhoda and Phyllis lived in on the “Mary Tyler Moore Show.” It’s been 40 years since Mary and the gang ended their run, but the home, built more than a century ago,…]]></summary>
			                <content type="html" xml:base="https://www.langlawoffice.com/blog/2017/10/iconic-home-of-mary-richards-has-finally-sold/"><![CDATA[One of the most famous pieces of real estate here in the Minneapolis area is the house that 1970s iconic, independent career gal Mary Richards and her friends Rhoda and Phyllis lived in on the “Mary Tyler Moore Show.” It’s been 40 years since Mary and the gang ended their run, but the home, built more than a century ago, still remains a <a href="http://www.tripadvisor.com/Attraction_Review-g43323-d271778-Reviews-The_Mary_Tyler_Moore_House-Minneapolis_Minnesota.html" target="_blank" rel="noopener external noreferrer" data-wpel-link="external">tourist attraction</a> in the Kenwood neighborhood of Minneapolis.

The only thing that viewers of the show ever saw of the house was the exterior. The show was shot in Los Angeles. Unlike on the series, the home has not been converted into apartments. It’s a single-family residence with seven bedrooms, an exercise room, sauna and rooftop decks.

Now, after being on the market for five years, the Queen Anne Victorian property is getting new owners. The four-story home, recognizable in part for its turrets, sold for $1.45 million — down about half from its original asking price of $2.89 million when it first went on the market in 2012.

It’s possible that prospective owners were concerned about living in a home that’s recognizable worldwide. Back in 1995, a previous owner said that some 30 tour buses still passed by the home on a daily basis. The owner who lived there when the show first aired back in the 1970s said that she got so tired of “people showing up and asking if Mary was around” that she decorated it with “Impeach Nixon” signs.

While most of us don’t have the challenge of selling a home that is still seen regularly in television reruns, all home purchases and sales have their own unique challenges and complexities. An experienced Minneapolis residential real estate attorney can help you navigate those challenges, including <a href="/real-estate/" target="_self" rel="noopener" data-wpel-link="internal">zoning issues, disputes, foreclosure issues</a> and more to help your transaction go as smoothly as possible.

Source: WWD, “<a href="http://wwd.com/eye/celebrity-real-estate/the-minneapolis-house-from-the-mary-tyler-moore-show-has-a-new-owner-11008345/" target="_blank" rel="noopener external noreferrer" data-wpel-link="external">EXCLUSIVE: The Minneapolis House From ‘The Mary Tyler Moore Show’ Has A New Owner</a>,” Kathryn Hopkins, Sep. 29, 2017]]></content>
						        </entry>
	        <entry>
            <author>
									                    <name> Lang Law Office P.A.</name>
				            </author>
            <title type="html"><![CDATA[How The Commercial Foreclosure Process Is Handled]]></title>
            <link rel="alternate" type="text/html" href="https://www.langlawoffice.com/blog/2017/09/how-the-commercial-foreclosure-process-is-handled/" />
            <id>https://www.langlawoffice.com/?p=47943</id>
            <updated>2024-04-12T16:00:38Z</updated>
            <published>2017-09-22T12:48:51Z</published>
					<taxo:topics><![CDATA[Commercial Real Estate]]></taxo:topics>
            <summary type="html"><![CDATA[Most of us have a good understanding of the foreclosure process that ensues once we miss several payments on our homes. On the other hand, knowing what happens to our places of business if we default on a commercial loan is probably a lot less clear. For one bank, commercial loan defaults are handled by their Special Assets Division. Once…]]></summary>
			                <content type="html" xml:base="https://www.langlawoffice.com/blog/2017/09/how-the-commercial-foreclosure-process-is-handled/"><![CDATA[Most of us have a good understanding of the foreclosure process that ensues once we miss several payments on our homes. On the other hand, knowing what happens to our places of business if we default on a commercial loan is probably a lot less clear.

For one bank, commercial loan defaults are handled by their Special Assets Division. Once it gets transferred there, analysts work to determine what course of action will best protect the interests of the lender.

In the case of one lender, they note that of 180 commercial loan defaults, at least one-third of them get resolved by them by their swallowing up the collateral that was offered up to initially qualify for the loan.

No one commercial loan default is similar to the next, though. Instead, after a default letter is sent out, it quickly can go in many different directions. While most borrowers simply don’t respond to these letters, for those who do, much of the initial conversation centers around the lender trying to determine whether the borrower truly has an ability to catch back up on payments or whether they’re eligible for loan restructuring.

In other cases, a bank may even allow the borrower to hold on to their commercial property in exchange for adding to the collateral. The one problem with this, though, is that too often these other assets are either encumbered with debt or appraise poorly. Other instances involve the bank allowing the borrower an opportunity to sell off the property to another buyer.

When none of these are possible, as occurs in 10 percent of all cases, that’s when a deed in lieu of foreclosure, short sale or foreclosure ultimately happens instead. With commercial properties, most banks tend to prefer short sales because they can divest themselves of the property quickly and they require less attorney involvement.

It’s important to note that commercial lenders aren’t under any legal obligation to take a commercial property back from borrowers as is the case with residential ones. Instead, they may decide to take over your collateral instead.

If you’re facing a <a href="/real-estate/" target="_self" rel="noopener" data-wpel-link="internal">commercial foreclosure</a> and you’re looking to gain a better understanding as to some alternatives to it that are available to you, then a Minneapolis real estate attorney can advise you of your options.

Source: Inside Tucson Business, “<a href="http://www.insidetucsonbusiness.com/news/top_stories/what-makes-commercial-real-estate-foreclosures-different-then-residential/article_0c7dc0da-92ed-11e0-8c79-001cc4c03286.html" target="_blank" rel="noopener external noreferrer" data-wpel-link="external">What makes commercial real estate foreclosures different than residential</a>,” Roger Yohem, accessed Sep. 22, 2017]]></content>
						        </entry>
	        <entry>
            <author>
									                    <name> Lang Law Office P.A.</name>
				            </author>
            <title type="html"><![CDATA[What To Disclose To Prospective Buyers When Selling Your Home]]></title>
            <link rel="alternate" type="text/html" href="https://www.langlawoffice.com/blog/2017/09/what-to-disclose-to-prospective-buyers-when-selling-your-home/" />
            <id>https://www.langlawoffice.com/?p=47942</id>
            <updated>2024-04-12T16:00:46Z</updated>
            <published>2017-09-07T12:48:51Z</published>
					<taxo:topics><![CDATA[Real Estate Law]]></taxo:topics>
            <summary type="html"><![CDATA[In every state in the country, there are certain requirements that a seller must meet before he or she can transfer his or her home to a new owner. While disclosing certain defects your property may have can ultimately affect the price you’re able to sell your home for, both the legal and financial ramifications of not doing so far…]]></summary>
			                <content type="html" xml:base="https://www.langlawoffice.com/blog/2017/09/what-to-disclose-to-prospective-buyers-when-selling-your-home/"><![CDATA[In every state in the country, there are certain requirements that a seller must meet before he or she can transfer his or her home to a new owner. While disclosing certain defects your property may have can ultimately affect the price you’re able to sell your home for, both the legal and financial ramifications of not doing so far outweigh the benefits that can be derived from doing that.

Among the many different <a href="/real-estate/" target="_self" rel="noopener" data-wpel-link="internal">disclosures</a> you’ll want to make about your property, some of the more important ones have to do with some of the home’s major systems. These include such ones as the cooling or heating, sewage or plumbing and electrical systems.

Other issues to address are foundation or structural issues. These include such flaws as known problems with the home’s roofing, such as leaks or damaged eaves, and cracks to or an unstable foundation.

If you’re aware of any flooding or drainage issues, such as water leaking into the basement when it rains, then it’s important to disclose that as well. The same goes for any known damage caused by pets or infestations, caused by either insects and vermin.

Although not directly related to the home’s structure itself, it’s also prudent to inform prospective buyers of any lingering disputes with neighbors or homeowner’s associations. If you’ve fought with them about making modifications to the home’s exterior or over property lines, then you may want to disclose that to them.

It’s also prudent to disclose any pending or past financial matters that may have involved the property, such as a bankruptcy. You may also want to share details about incidents in which in liens were placed on the property, even if it was in the distant past.

In an instance in which you’re unsure as to the overall health of the home, you may benefit from having a pre-sale inspector evaluate your home on your behalf. It’s also important to disclose even the smallest of issues to ensure that your buyer can make an informed purchase decision.

If you’ve been threatened with a lawsuit for not having been upfront in sharing what you knew about your home before selling it, then a Minneapolis, Minnesota, residential real estate attorney may be able to help.

Source: Edina Realty, “<a href="https://www.edinarealty.com/real-estate-advice/what-to-disclose-as-a-home-seller/#/" target="_blank" rel="noopener external noreferrer" data-wpel-link="external">What to disclose as a home seller</a>,” accessed Sep. 07, 2017]]></content>
						        </entry>
	        <entry>
            <author>
									                    <name> Lang Law Office P.A.</name>
				            </author>
            <title type="html"><![CDATA[4 Alternatives To Foreclosure You May Want To Consider]]></title>
            <link rel="alternate" type="text/html" href="https://www.langlawoffice.com/blog/2017/08/4-alternatives-to-foreclosure-you-may-want-to-consider/" />
            <id>https://www.langlawoffice.com/?p=47937</id>
            <updated>2024-04-12T16:00:54Z</updated>
            <published>2017-08-24T12:48:50Z</published>
					<taxo:topics><![CDATA[Real Estate Transactions]]></taxo:topics>
            <summary type="html"><![CDATA[If you’re facing foreclosure, then you may find it refreshing to know that bankruptcy is not the only option to pursue to save your home. Instead, there are a variety of alternatives that may be available to you to help bring your mortgage payments current or stay in your home. Reinstatement is a process by which you repay any past…]]></summary>
			                <content type="html" xml:base="https://www.langlawoffice.com/blog/2017/08/4-alternatives-to-foreclosure-you-may-want-to-consider/"><![CDATA[If you’re facing foreclosure, then you may find it refreshing to know that bankruptcy is not the only option to pursue to save your home. Instead, there are a variety of alternatives that may be available to you to help bring your mortgage payments current or stay in your home.

Reinstatement is a process by which you repay any past due mortgage payments as well as outstanding penalties. Those most capable of catching up payments in arrears may be those who land a new job or inherit some money. Two great things about re-instatements is that they don’t have to be pre-approved by the lender and they can occur up until the day right before the home’s foreclosure sale is slated to occur.

If you’re unable to bring your mortgage payments current, then you may be able to have the terms of your loan modified. As part of the loan modification process, your lender may take delinquencies and tack them on to the back of your outstanding loan amount. Alternatively, they may lengthen your loan payback period or adjust your interest rate, each with the goal of reducing your monthly loan payment obligation.

Another alternative to foreclosure is loan forbearance. Under this type of payment plan, you may be allowed to pay anywhere from nothing up to a small percentage of your regular monthly mortgage obligation for a certain period of time.

This option may be particularly appealing for you if you’ve recently become unemployed, had your work hours reduced or are experiencing a temporary decline in health. At the end of the forbearance period, you’ll need to pay toward both your regular monthly mortgage and the past-due balance.

Renting your home is another option you may choose to pursue. One of the main downsides of doing this is that you may have to find another place to reside. Other negatives center around the idea of being a landlord and still being on the hook for paying property taxes, insurance and other fees. However, if you’re able to stay on top of your mortgage payments, then you may be able to ultimately move back into your home.

If you’re <a href="/real-estate/" target="_self" rel="noopener" data-wpel-link="internal">falling behind on mortgage payments</a> for your home and you’re looking for help in finding an alternative to foreclosure, then a Minneapolis real estate attorney can provide you with the help you need.

Source: Your Home 123, “8 Alternatives to foreclosure,” accessed Aug. 24, 2017]]></content>
						        </entry>
	        <entry>
            <author>
									                    <name> Lang Law Office P.A.</name>
				            </author>
            <title type="html"><![CDATA[What is Minnesota’s Three-Day Cooling-Off Law?]]></title>
            <link rel="alternate" type="text/html" href="https://www.langlawoffice.com/blog/2017/08/what-is-minnesotas-three-day-cooling-off-law/" />
            <id>https://www.langlawoffice.com/?p=47936</id>
            <updated>2024-04-22T15:10:55Z</updated>
            <published>2017-08-11T12:48:46Z</published>
					<taxo:topics><![CDATA[-]]></taxo:topics>
            <summary type="html"><![CDATA[Not all contracts have a “cooling-off” period that allows consumers to cancel the contract within a few days after they sign it. However, Minnesota does have a Three-Day Cooling-Off Law (more formally known as the Home Solicitation Sales Act) for home solicitation sales. The law applies to the rental, lease or sale of goods or services for household or personal use,…]]></summary>
			                <content type="html" xml:base="https://www.langlawoffice.com/blog/2017/08/what-is-minnesotas-three-day-cooling-off-law/"><![CDATA[Not all contracts have a “cooling-off” period that allows consumers to cancel the contract within a few days after they sign it. However, Minnesota does have a Three-Day Cooling-Off Law (more formally known as the <a href="/real-estate/" target="_self" rel="noopener" data-wpel-link="internal">Home Solicitation Sales Act</a>) for home solicitation sales.

The law applies to the rental, lease or sale of goods or services for household or personal use, and also property improvements. To qualify, the transaction must be worth over $25 and must occur somewhere other than the merchant’s regular business location. It generally applies to transactions done in convention centers, hotels or the customer’s home. The law doesn’t apply to real estate or vehicle sales.

Other contracts that have a three-day cooling-off period in Minnesota include reverse mortgages, agricultural contracts, residential siding and roofing contracts and some club memberships. Some types of contracts for other products and services have longer cooling-off periods.

If you are entering into a transaction that is subject to the Three-Day Cooling-Off Law, the seller has to provide you with information about the right to cancel the contract verbally, on the receipt and via a Notice of Cancellation form. If the seller fails to do that, the customer has longer than three days to cancel.

If your transaction is covered by the law and you elect to cancel the contract within three days, you must send the seller a written request at the address provided. Of course, it’s best to do this through certified mail or some other method where you can obtain proof of receipt. Keep a copy of your cancellation request with the delivery receipt. The merchant is required by law to refund any money you paid within 10 days.

If you are told that a contract isn’t subject to the law and believe that it is, or if a merchant is not honoring a cancellation request that you made under the terms of the Three-Day Cooling-Off Law, you may contact an experienced Minnesota attorney for legal guidance.

Source: Stillwater Gazette, “<a href="http://stillwatergazette.com/2017/08/02/cooling-off-law-for-contracts/" target="_blank" rel="noopener external noreferrer" data-wpel-link="external">‘Cooling-off’ law for contracts</a>,” Lori Swanson, Aug. 02, 2017]]></content>
						        </entry>
	        <entry>
            <author>
									                    <name> Lang Law Office P.A.</name>
				            </author>
            <title type="html"><![CDATA[TH Real Estate Purchases The Bridge And Knoll Apartment Buildings]]></title>
            <link rel="alternate" type="text/html" href="https://www.langlawoffice.com/blog/2017/08/th-real-estate-purchases-the-bridge-and-knoll-apartment-buildings/" />
            <id>https://www.langlawoffice.com/?p=47941</id>
            <updated>2024-04-12T16:01:10Z</updated>
            <published>2017-08-03T12:48:51Z</published>
					<taxo:topics><![CDATA[Commercial Real Estate]]></taxo:topics>
            <summary type="html"><![CDATA[On behalf of Greg Lang of Lang Law Office posted in Commercial Real Estate on Thursday, August 3, 2017. One of the county’s largest apartment management companies closed escrow on a set of two apartment buildings near the University of Minnesota’s campus on July 17, 2017. After some renovations are made, the 310 units that make up the Bridges and Knoll towers, located at 930 University…]]></summary>
			                <content type="html" xml:base="https://www.langlawoffice.com/blog/2017/08/th-real-estate-purchases-the-bridge-and-knoll-apartment-buildings/"><![CDATA[On behalf of <a href="https://plus.google.com/109271082638828746967?rel=author" target="_blank" rel="noopener external noreferrer" data-wpel-link="external">Greg Lang</a> of Lang Law Office posted in Commercial Real Estate on Thursday, August 3, 2017.

One of the county’s largest apartment management companies closed escrow on a set of two apartment buildings near the University of Minnesota’s campus on July 17, 2017.

After some renovations are made, the 310 units that make up the Bridges and Knoll towers, located at 930 University Avenue Southeast, will become private student housing.

The twin towers are two of the largest among the six total student apartment complexes that developer Doran Cos. has commissioned in the past few years. The Bloomington-based company sold its four previous developments immediately following the completion of construction on them.

Escrow for the Bridges and Knoll, built in 2013 and 2014 respectively, closed at $93 million. While Doran Cos. has long been involved in the construction of multi-family units throughout the area, it’s especially well known for the standard it has set for the way on-campus student housing should look.

TH Real Estate is the buyer of the Bridge and Knoll towers. The Twin Cities-based real estate investment firm already owns a number of large multi-family living communities throughout the area including Bristol Village and Devonshire, both in Bloomington. This purchase marks its first foray into student housing. Doran Cos. divesting itself of these two properties marks a shift in its focus from developing urban areas to suburban ones instead. Despite still owning commercial property in Dinkytown, they note there are no intentions to convert it into student housing. Instead, they may look to develop it into a upscale apartment complex, much like ones they’re working on in suburban Maple Grove and Skakopee.

When it comes to closing on multi-million dollar real estate projects, like the one Doran Cos. and TH Real Estate just closed on, it’s important to have an Minneapolis commercial real estate attorney on hand to ensure all goes as planned.

Source: Star Tribune, “<a href="http://www.startribune.com/doran-sells-pair-of-dinkytown-apartment-buildings-for-93-million/434530383/" target="_blank" rel="noopener external noreferrer" data-wpel-link="external">Kelly Doran sells pair of Dinkytown apartment buildings for $93 million</a>,” Jim Buchta, July 17, 2017]]></content>
						        </entry>
	        <entry>
            <author>
									                    <name> Lang Law Office P.A.</name>
				            </author>
            <title type="html"><![CDATA[How Can A Real Estate Attorney Help In Your Transaction?]]></title>
            <link rel="alternate" type="text/html" href="https://www.langlawoffice.com/blog/2017/07/how-can-a-real-estate-attorney-help-in-your-transaction/" />
            <id>https://www.langlawoffice.com/?p=47938</id>
            <updated>2024-04-12T16:01:16Z</updated>
            <published>2017-07-14T12:48:50Z</published>
					<taxo:topics><![CDATA[Residential Real Estate]]></taxo:topics>
            <summary type="html"><![CDATA[As you’re likely aware, real estate transactions do not require the work of an attorney. You can use your real estate agent to buy a new home and never have to speak with a lawyer. However, there are some very clear advantages to working with an attorney when you’re finalizing a real estate deal. Although a real estate attorney isn’t…]]></summary>
			                <content type="html" xml:base="https://www.langlawoffice.com/blog/2017/07/how-can-a-real-estate-attorney-help-in-your-transaction/"><![CDATA[As you’re likely aware, real estate transactions do not require the work of an attorney. You can use your real estate agent to buy a new home and never have to speak with a lawyer. However, there are some very clear advantages to working with an attorney when you’re finalizing a real estate deal.

Although a real estate attorney isn’t required, if something pops up during the finalization of your real estate transaction — like a disagreement between you and the seller of the property — having an attorney on your side, who’s already completely familiar with the transaction can be an invaluable asset. Most experienced real estate agents can negotiate a purchase agreement; however, they do not have sufficient training to make a decision about a legal question.

Imagine the home you want to buy has an aspect that doesn’t fit with building codes. Perhaps it has an illegal rental space inside it that is currently being rented by a tenant who is under contract. You want to evict this person so your son and his new wife can live there, but you don’t know if the law is on your side to do so. The answer to this question would likely affect your decision to purchase the property, and only a lawyer will be able to suitably answer it for you.

At the Lang Law Office, we routinely help prospective real estate buyers with their <a href="/real-estate/" target="_self" rel="noopener" data-wpel-link="internal">residential real estate purchase </a>agreements. We find that we frequently need to adjust or tweak the terms of a real estate transaction to protect our clients’ legal rights. If you want the benefit of buying your home the right way, to get the best deal for your money and to be protected from future legal troubles, the Lang Law Office can help.]]></content>
						        </entry>
	        <entry>
            <author>
									                    <name> Lang Law Office P.A.</name>
				            </author>
            <title type="html"><![CDATA[Three Ways To Partition Your Property]]></title>
            <link rel="alternate" type="text/html" href="https://www.langlawoffice.com/blog/2017/07/three-ways-to-partition-your-property/" />
            <id>https://www.langlawoffice.com/?p=47939</id>
            <updated>2024-04-12T16:01:23Z</updated>
            <published>2017-07-05T12:48:51Z</published>
					<taxo:topics><![CDATA[Divorce, Partitions, Real Estate Law]]></taxo:topics>
            <summary type="html"><![CDATA[There are countless reasons you might be facing a property partition. According to Huffington Post, disputed property division in a divorce is common. Alternately, you might have invested with a business partner who no longer wants to be involved but wants to retain partial equity. Partitioning the property is a possible solution for these and many other situations, but the process is not…]]></summary>
			                <content type="html" xml:base="https://www.langlawoffice.com/blog/2017/07/three-ways-to-partition-your-property/"><![CDATA[There are countless reasons you might be facing a property partition. According to Huffington Post, <a href="http://www.huffingtonpost.com/brad-reid/a-few-questions-to-consid_b_7688606.html" target="_blank" rel="noopener external noreferrer" data-wpel-link="external">disputed property division</a> in a divorce is common. Alternately, you might have invested with a business partner who no longer wants to be involved but wants to retain partial equity. Partitioning the property is a possible solution for these and many other situations, but the process is not as easy as just dividing it between each party.

There are several different ways, in fact, to partition such property, and it is important to understand each of these. The following three are some of the most common methods employed, though you should carefully consider what course of action is legally and financially the most beneficial.

Partition by sale

This may also be referred to as a partition by succession or licitation, and it involves selling the shared property to split the proceeds. If you and the property’s co-owner are unable to agree on the division that allows you to both maintain ownership, this may be the best solution. The proceeds from the sale will typically be divided equally between all parties.

Partition in kind

A partition in kind agreement effectively separates the property into parts that are individually owned and managed by each party. This is typically the simplest solution, but if there is animosity between the property’s owners, it is often difficult to come to a consensus. If this option works for you and the co-owner, though, you can proceed with the partition and register your new part with the county clerk.

Judicial partition

In some cases, partitions are not voluntary at all. A judicial partition, which one might also call a compulsory or court-ordered partition, is an example of this. Some of the various reasons for involuntary partitioning of your property include public policy or statutes of limitations. No matter what the reason is, you should become familiar with your legal rights if you are facing this situation.]]></content>
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	        <entry>
            <author>
									                    <name> Lang Law Office P.A.</name>
				            </author>
            <title type="html"><![CDATA[Can Buyer’s Agent Agreements Be Broken?]]></title>
            <link rel="alternate" type="text/html" href="https://www.langlawoffice.com/blog/2017/06/can-buyers-agent-agreements-be-broken/" />
            <id>https://www.langlawoffice.com/?p=47940</id>
            <updated>2024-04-12T16:01:29Z</updated>
            <published>2017-06-23T12:48:51Z</published>
					<taxo:topics><![CDATA[Real Estate Law]]></taxo:topics>
            <summary type="html"><![CDATA[First looks can be deceiving, even when it comes to choosing a real estate agent. That buyer’s agent you hire to help you find your dream home may initially be easy to get on the phone. He or she may even show up in a timely fashion for your first appointment. However, soon after you sign that buyer’s agent agreement,…]]></summary>
			                <content type="html" xml:base="https://www.langlawoffice.com/blog/2017/06/can-buyers-agent-agreements-be-broken/"><![CDATA[First looks can be deceiving, even when it comes to choosing a real estate agent. That buyer’s agent you hire to help you find your dream home may initially be easy to get on the phone. He or she may even show up in a timely fashion for your first appointment. However, soon after you sign that buyer’s agent agreement, that agent may do an about-face.

From the realtor’s perspective, their representation of you is locked in with the signing of that contract. But is that really the case? According to real estate experts, the contract is indeed a legal document. Even if it is, though, it shouldn’t mean that you’ll either have to suck it up and deal with someone that’s not providing you with the level of service you anticipated.

Experts note that one of the more <a href="/real-estate/" target="_self" rel="noopener" data-wpel-link="internal">common obstacles home buyers and agents face</a> is that they get their signals crossed. In many cases, they argue that a simple conversation between either the home buyer and the agent or broker may help in resolving their issues. In some cases, if the concerns seem too overwhelming to overcome, the agent or broker may willingly terminate the contract as requested.

When speaking with a broker, it’s important to note that he or she underwent additional training prior to assuming their role. Whether because of tenure or ownership stake in the company, they tend to be affected more from the loss of clients than an agent might.

As a result, he or she may ultimately decide to have another agent help you buy a new home as opposed to losing out on potential revenue they could make by continuing to serve you.

If you’ve spoken with your agent and broker and feel as if you’re gaining very little traction in your dispute, then you may wish to seek out the advice of a Minneapolis residential real estate attorney.

Source: Realtor.com, “<a href="http://www.realtor.com/advice/buy/how-to-terminate-a-buyers-agent-agreement/" target="_blank" rel="noopener external noreferrer" data-wpel-link="external">How to Terminate a Buyer’s Agent Agreement</a>,” Angela Colley, June 23, 2017]]></content>
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