Yes, but only in certain circumstances. In most states, the winning party in a quiet title action can potentially recover attorney fees if the losing party wrongfully failed to correct the issue prior to the lawsuit. To determine whether you qualify, review the recovery options… Read More »Can I Recover Attorney Fees in a Quiet Title Lawsuit?
The cost of a quiet title action ranges from $1,500 to $5,000 for an uncontested lawsuit. Contested (or litigated) quiet title actions can cost much more. Cost mainly depends on the complexity of the title issue and whether the action is opposed. Complex… Read More »How Much Does a Quiet Title Action Cost?
You just learned that your rental or investment property burned down. What are your legal rights? What are your risks? Can you collect on your insurance policy? Will the tenant sue you? I cannot answer all these questions at once,… Read More »WHEN A RENTAL PROPERTY BURNS DOWN: INSURANCE, LIABILITY, AND LEGAL RIGHTS
A quiet title action is a legal proceeding used to confirm or clarify the ownership of real estate. A quiet title suit can settle a dispute over who owns real property. It can also fix a technical error in the… Read More »What is a Quiet Title Action? (Explained by a Real Estate Attorney)
There is one tax rule that applies almost universally in the real estate industry: Never put real estate into a corporation (including S-corporations). Why not? Once you put an appreciating asset into a corporation, you cannot take it out without… Read More »WHY YOU SHOULD (ALMOST) NEVER PUT REAL ESTATE INTO AN S-CORPORATION.
Like a physical renovation, a legal renovation can transform the market value of a property. A physical renovation removes surface level flaws that have scared away the ordinary consumer, thereby increasing the market value of the property. Rather than seeing flaws, investors see solutions,… Read More »HOW TO INCREASE PROPERTY VALUE WITHOUT LIFTING A HAMMER (LEGAL RENOVATION VS. PHYSICAL RENOVATION)