The number one estate planning document you need and why
Our clients frequently ask us what we would recommend as the number one estate planning tool that every person should have. As attorneys, we advocate that every individual should have at least all five basic estate planning documents: a will, financial power of...
YOU SOLD MY MORTGAGE ALREADY?
You just closed on your home last month and now you’ve been notified you’ll be making monthly mortgage payments to a new bank. That fast? Yes, it’s normal. Many lenders, outside of smaller banks or credit unions, are in the business of originating loans, but not...
Can i buy or sell without a real estate agent?
There’s a lot of things in life where just because you can do something, doesn’t mean you should. I try and teach my children this daily. Some examples of that can be: 1. Can you cut your own bangs? Sure. But should you? My middle school yearbook picture will answer...
POV: “I don’t know Escrow” Jackson Law: “No worries, We got you!”
Escrow is a term thrown around a lot, but what does it really mean when it comes to having a mortgage? It is often over-complicated, so here is an easy way to remember it. Most lenders require you to open an Escrow Account. When you pay your mortgage, you send one...
WHERE PROBATE AND SELLING REAL PROPERTY INTERSECT
When a loved one passes away, our job here at Jackson Law is to make the probate process as seamless and as easy as possible for our clients. Losing a family member or close friend is an emotional and difficult time, which is often made more complex by the legal...
So, is it judgment or judgement, and what is it!?
When a transaction is on the way to closing, everyone in the deal is keeping fingers and toes crossed that there are no major snags. Occasionally the title search uncovers a judgment, which could then turn into one of those snags. Not all unpaid debts are judgments...
WHAT THE HECK IS DUE DILIGENCE?!
Every state is different when it comes to real estate transactions. Some states you’ll close with an attorney, and some states you’ll close with a title company. Some states have “escrow” periods, and some states have built in financing contingencies. What you...
Always recommended – Owner’s Title Insurance
Owner’s title insurance is considered optional insurance, but we always recommend it here at Jackson Law. There are many reasons why we recommend it, and below are but a few of the myriad examples in which unsuspecting buyers could face exposure. North Carolina has...
HEARING OFFICER DRAFT UP THE PARTITION PLEASE
One of the most effective legal remedies available for clients who are at an impasse on joint property ownership is a partition proceeding, which results in a forced sale of the real estate. NCGS § 46A provides a mechanism for property owners known as a petition to...
WHAT DOES BUYING A FORECLOSURE MEAN?
Over the years you’ve probably heard agents or investors mention buying foreclosures, but that term can actually describe a few different types of transactions with the commonality among them being that the subject property is, or was, in some level of default. Let’s...