Real Estate Newsletters

Termite Inspections

In residential real estate transactions, it is not uncommon for standard contracts to contain a clause that makes the buyer's consummation of the transaction contingent upon the home passing a termite inspection.

The Comprehensive Environmental Response, Compensation, and Liability Act

The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), which can be found at 42 U.S.C.S. § 9601 et seq., imposes liability on property owners for the cleanup of environmental hazards. Notably, liability accrues under the law even where the property owner was not the cause of the contamination.

The Community Reinvestment Act

Prior to the enactment of the Community Reinvestment Act (CRA), many depository institutions excluded low-income neighborhoods and persons of color from taking advantage of the institutions' lending services.

Real Estate Negotiations

Parties often use negotiation as a technique by which to come to an understanding. The parties may or may not be represented by real estate agents or attorneys.

Accretion

The term "accretion" refers to the process by which an area of real property is increased due to the gradual deposit of soil from a boundary river, stream, lake, pond, or tidal waters. The legal implications that stem from accretion derive from ancient common law.