This website uses cookies to ensure you have the best experience. Learn more

Real Estate Transaction Essay

777 words - 4 pages

Real Estate Transaction
The words “equity does not serve the indolent” will hang Brutus even if he claims no to know the law. In the normal transaction of real estates the law of contract requires that that the buyer should disclose all information he has about the land including the interests that he has in the estates before purchase to ensure fairness in the business transaction. Brutus had been aware of the gains that come about with the land and therefore his liability to disclose information cannot be doubted, this is an aspect of fraudulent misrepresentation.
Naive too cannot escape the hangman; the expectations of a lawyer aren’t what is depicted by him. In Hedley Byrne & ...view middle of the document...

The contract between Revamp and Shabby to prove the exact value of the building before providing the funds. Alongside this should be the terms of contract between Shabby and revamp to know if there are any terms that would keep our bank at a risk in future .Both Shabby and Revamp should provide their asset documents to establish the credit worthiness of the two firms.
I would recommend that Second Savings make provisions for immediate completion of Shabby’s loan to first Bank upon full payment to leave the transaction only between Revamp and Second Savings. The second provision recommended would be timely payment of the mortgage. This contract is meant to improve commerce and as such all parties is bound to complete their contractual duties in time. It would be the duty of Revamp to ensure payments are made in time. My last provision would be for Second Savings to take up the building as security a provision that is well accommodated in the law of contract
A loan agreement between revamp and Second savings, this is the key document of transaction between the two parties and thus cannot miss to be drafted .An agreement between Second Savings and Revamp on the mode of payment agreement that has finally been...

Find Another Essay On Real Estate Transaction

the KKK Essay

1606 words - 7 pages To what extent are real estate agents similar to the Ku Klux Klan? There is no stronger incentive than fear. Clans and secret societies are everywhere; Lawyers, police man, business man, politicians, life insurance sellers, car sellers and real estate agents are just some examples .The difference between them and the Ku Klux Klan is the aim and the means used to achieve their objective. The Klan’s aims is “by force and terror ,to prevent al

: INVESTMENTS ANALYSIS &DECISION MAKING

4331 words - 17 pages effectible reasons expand the real estate development. Over 2001 to 2010, the transaction of real estate industrydemonstrated growing rapidly and highest than other sector (Hussein, 2011). Additional, GDP of real estate industry also show sustainable growing and showed in table 1 below.By the conclusion in part 1, the GDP in Malaysia is show increasing and will be growth in 2014. This indicates that overall economic in Malaysia will be growth. The

Information Technology Solutions in Real-Estate

521 words - 2 pages is critical to the success of the real-estate transaction in a highly competitive industry. Wireless technology information can be accessed and provide immediate resultsThe current network setup for the real-estate company is one desktop Pentium 4 gigahertz computer, one digital camera, and a notepad and pen. Deficiencies in the current system include time consumption due to manual data entry from the office, and a delay in sales

global tsunami 2008

1488 words - 6 pages . In 2000, the real estate price is escalated; thus causing increment on the demand of real estate. Following this increase in real estate price, the number of transactions of mortgage lending for real estate increases as a return. It is because even people with less money and lower credit saw this increase in real estate house as an opportunity to purchase a house, thus increasing the transaction numbers of mortgage lending for people with low

Caveat Emptor: Rights of Home Buyers in the State of Missouri

1977 words - 8 pages decisions when working with a real estate licensee. It informs people that an agent can work for the best interest of the buyer, for the seller, or that he can remain neutral and works for neither one. The MBDF states that “if you choose not to be represented by an agent, the licensee working with you may be working for the other party to the transaction,” and that “if you want representation, you must enter into a written agreement (MBDF). The written

Insurance Companies in Seatle:

1012 words - 5 pages merger, Washington Federal was a savings and loan bank with no meaningful presence in the financial residential market sector. While at the time, First Mutual Bank was a highly experienced commercial real estate loan lender, operating a wholesale residential department serving residential construction industry. The transaction was finalized in the beginning of 2008, becoming a watershed event for Washington Federal’s extended commercial lending

Service Marketing

1446 words - 6 pages % of the selling price of the thing he/ she sales over the salary. Salespersons in Delta group are receiving about 40% of the property price in average without any fixed salary and it grows if the salesperson sells more property in a time period. Another important field in Real Estate industry is relationship marketing. There has been a shift from a transactional to relationship marketing. Relationship marketing essentially represents a paradigm shift within marketing from a transaction focus to a retention focus.

real estate concepts

1241 words - 5 pages party that holds the money until the transaction closes. (May , 2014)Closing costs are those costs associated with purchasing a home or piece of real estate.ReferencesAllen, M., & Floyd, C. (2011). Real estate principals. (10th ed.).American Land Title Association. (2004). Home closing. Retrieved from http://www.homeclosing101.org/resources.cfmMay , K. (2014). Retrieved from http://smallbusiness.chron.com/benefits-paying-buyers-closing-costs-37772.htmlReal estate & mortgage insights. (2002, 08). Retrieved from http://www.realestateabc.com/insights/costs.htm

Changes to the Way Real Estate is Done in Baja

667 words - 3 pages titles and disclosures representing the properties states. Working in a transparent way we share our property listings giving Sellers all 14 Real Estate agents all out there finding a buyer for their property”. When I started Amor Property Real Estate in San Felipe over 10 years ago, I saw that more clients wanted exclusive listings and wanted to be taken care of as they were use to in the US. Of course the paperwork here in Baja is so different then

Financing Structure

1062 words - 4 pages There are various financing options for the type of business I want to open and operate which is a Real Estate Investment company. Structuring these financing instruments accordingly is important and relevant to the overall success of the potential income-producing real estate investments. Moreover, selecting the right financing option depends upon the factors involved on each deal or transaction such as the time horizon, the volume of

How to Solve the Foreclosure Crisis

1699 words - 7 pages can take anywhere from 4 to 14 months to close from start to finish. That’s a really long time for a real estate transaction. A bank owned or REO sale (which is once the bank has bought the house back) typically takes 30 to 45 day to close from start to finish. That’s a normal length of time for a real estate transaction. My point is that the pre-foreclosure sale process is ultimately stalling what really needs to happen, which is allowing the

Similar Essays

Real Estate Industry In The Rental Market

2192 words - 9 pages Real Estate Industry in the Rental Market Abstract “Real estate is land, all of the natural parts of land such as trees and water, and all permanently attached improvements such as fences and buildings. People use real estate for a wide variety of purposes, including retailing, offices, manufacturing, housing, ranching, farming, recreation, worship, and entertainment.” (Answers.com) In order to more specifically focus on a specific area of

Real Estate Pricing Essay

765 words - 3 pages In search of an article on supply, demand, and pricing of real estate, it was interesting and educational to come across an article that read; the national median selling price for real estate increased in July while volumes fell, according to data from the Real Estate Institute of California (REIC) (Clark, 2004). The determination of prices in local housing markets is a classic example of microeconomics. As a new home owner, it would be

Geographic Technology In Real Estate Essay

2406 words - 10 pages Geographic Technology in Real Estate: A Technology Assessment Report Introduction Real estate is defined by the Barron’s Dictionary of Real Estate Terms as the “land and everything more or less attached to it. Ownership below to the center of the earth and above to the heavens.” This definition clearly conveys the geographically fixed nature of real estate and the inherent risk associated with this characteristic that is not found in

Wois Descriptions Essay

614 words - 2 pages opinions, and plan and direct an entire activity.The next job description I looked at was being a Real Estate Agent. The main function of the Real Estate Agent would be to bring the buyers and the sellers together to work out a transaction. The thing that intrigues me about Real Estate Agents is that they are constantly on the move; they are true salesman always wanting to make a sale. The one thing that I would not like so much about this job is that