Closing Costs Confusion: Who Pays for What?

By Adam R. Seligman

Every buyer and seller understands what a purchase price and closing date are, but oftentimes, they are not sure which party pays the closing costs associated with the closing.

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2018 Trends in Home Buying: A Real Estate Attorney’s Perspective

By Michael J Posner

While there has been somewhat of a slowdown in real estate sales in 2018, the market remains hot. Some neighborhoods are in-demand commodities, garnering multiple competitive offers on homes that are priced properly. This is great news for sellers, but maybe not for buyers.

Buying a home in this market can be difficult due to issues such as rising mortgage interest rates, closing cost expenses, approval issues from homeowners and condominium associations, inspection and mold issues, and other matters that make purchasing a home more difficult than ever before. Because of this, buyers need to be proactively prepared before embarking on a house hunt so as to avoid the most difficult issues.

Below, we’ve listed some elements to keep in mind as you consider purchasing real estate.

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When Business Gets Tough: What You Need to Know About Shareholder Litigation

By Christopher B. Posner

Do you own stock in a public or private corporation? Do you feel that the corporation is not properly addressing certain issues or that a director is abusing their power? Perhaps you feel that the corporation has infringed upon your rights as a shareholder.

Sometimes business gets tough and it’s good to know your options as a company shareholder. Depending on the type of harm you are alleging, you may want to look into bringing forward either a shareholder derivative or a direct lawsuit.

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Social Media: The Dangers of Posting First and Asking Questions Later

By Caryn A. Stevens

According to a 2018 Pew Research Study, 68% of adults that are online engage in the use of social media and networking sites, many on a daily basis. For some, checking social media is the first thing they do every morning when they wake up, and something they do a dozen more times throughout the day.

The Popularity of Social Media

Social media has quickly become a platform for adults to share their lives, activities, events, travels, and day-to-day experiences with family and friends at all hours of the day and night. We can simply log on and instantly connect with hundreds or thousands of other users in the social media world. When something happens in our lives, we are quick to jump on social media and share our latest “news,” and then wait for the instant gratification of “likes” and “loves” to come rolling in from our extended network of social media “friends.” We feel loved. Accomplished.  Well-liked. And for some—less alone. We seek this attention.

For individuals going through a divorce, the social media world can be a sounding board to receive support from our friends, get advice on what to do, or simply vent about what a jerk our ex is. We love to post first and ask questions later.

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Building or Renovating? 6 Must-Do Steps When Hiring a Contractor

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By Jason E. Handin

A fresh start can be exciting, especially when it comes to building a new home or renovating a current home. However, for homeowners inexperienced in working with contractors or design professionals, the undertaking of a major construction project can be a daunting task. The highest probability for success in a construction project relies upon the homeowner being educated in protecting themselves against any potential conflicts that may arise.

In this article are six important steps to take when hiring a contractor or design professional for a new build or renovation.

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