Coronavirus PSA (&What to Do as a Landlord)

 

In these ever-changing times, we’ve been updating almost daily on our Facebook page. Check us out here.

We’ve been taking in information from some smart people over at the Dr. Joe Show about protocols and how to handle this virus. Something really important is to let others know who is sick. Don’t keep it on the “DL,” everyone needs to know if they have had contact with someone who tests positive so that they can protect others. Keeping that information secret will not help flatten the curve.

Now, a note to landlords: a lot of our tenants will be losing their jobs soon. How can we handle this? First and foremost, make sure to communicate with them and ask how they are doing. See what you can do to help. Secondly, you should talk about how to proceed in light of the current and near future hardships. Work together to deal with rent and mortgage and be open. Perhaps figure out what they can afford and worry about the rest later.

On a final note, we were a sponsor for the annual Marshfield Education 5K. As a result of this no longer happening, we have a lot of unused Gatorades. Since the virus may come with a heavy bout of dehydration, we would be happy to deliver these extra drinks to anyone in need of them.

If you’re feeling the symptoms, it’s Tylenol, vitamin C and hydration.

While practicing safe spacing, we’re available for your conversations virtually. No obligations. If you have any questions or concerns, contact us by calling (781) 319-1900.

Copyright © 2019 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

Coronavirus Federal Relief Scams

 

Beware of financial relief scams! During this time of uncertainty, our elders are especially vulnerable to phone calls from scam artists.

Have conversations with the senior citizens in your life about not falling prey to calls regarding government-issued relief acts, like a check that may come in the mail for them. These calls will ask for banking info, social security info, etc. Remind them the government is never going to call and ask for these things.

Be diligent. Cyber attackers are coming in full force with phishing expeditions to try and fool people. Remind our senior citizens not to give out their info or be taken advantage of. They can be trusting and may believe there’s an honest person on the line.

Also consider they may have already been duped and are too embarrassed to tell anyone. We must keep the vultures at bay in this troubling time.

Phones and email lines are always open over at Stiles Law. If you have any questions about financial relief scams, contact us by calling (781) 319-1900.

Stiles Law, with offices located in Boston and Marshfield, Massachusetts, is a firm concentrating in real estate conveyancing and mortgage lending services, representing buyers, sellers, borrowers, banks, mortgage companies, investors, builders and developers in all of their real estate and mortgage transactions. Stiles Law serves all areas of eastern Massachusetts–the North Shore, Boston, and Cape Cod, in addition to the entire South Shore, including: Plymouth, Kingston, Duxbury, Hanover, Pembroke, Marshfield, Scituate, Norwell, Cohasset, Hull, Hingham, Weymouth, Braintree, and Quincy.

Copyright © 2019 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

For Sale By Owner?

 

 

Mark Stiles and Laura Adams joined up to answer this week’s question: “Now that the inventory is so low in the housing market, can I sell my house on my own?”

Can it be done? Legally, yes. Is it recommended? No.

Why? It takes too much time. Preparing the home to be put on the market, marketing the property, and showing the property at open houses is time-consuming. Not to mention dealing with the home inspector, the appraiser, and a fire department representative.

Rather than taking time out of your life, trust the trained professionals who budget their time for this work. Real estate professionals can offer you their skills and get the job done right. They have the best advice, connections, negotiation skills, and a suite of resources when it comes to marketing your property.

Would doing it on your own save money? In the long run, probably not. You’d be spending money on marketing and in addition the buyer’s agent will seek a 2.5%-3% commission from you regardless. It’s generally a net loss.

Taking a chance may result in unnecessary mistakes.

If you have any questions about how to get started on selling your home, contact Stiles Law by calling (781) 319-1900.

Copyright © 2019 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

Historically Low Mortgage Interest Rates!

 

Good news: mortgage interest rates are currently extremely low! Connect with your loan professional find out if it’s a good time to refinance your home. When you refinance your home, you can reduce your payment and/or take cash out which can be used to invest in other real estate or in the market with the help of your financial advisor. If you are in need of help, Stiles Law can help you find a trusted loan professional.

If you already have one, please consider asking them to have Stiles Law handle the closing. We promise to handle the process smoothly and efficiently.

If you have any questions about mortgage interest rates or refinancing your home, contact Stiles Law by calling (781) 319-1900.

Copyright © 2019 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

Split Inheritance

 

We received this question from a viewer: “Can I buy a property that my siblings and I inherited?”

As long as everyone is in agreement of the purchase, you can. Assuming that the probate was done correctly, you and each of your siblings owns an equal part, so you must settle up with them on their share.

Next, you would have to consider if you’re looking to obtain financing to pay off your siblings. Buying off other owners in this situation is a little different from the typical home buying process.

If you have the funds already, you can pay them their share, put together the paperwork, draft the deed, and record the deed.

Alternatively, you can obtain financing to pay off the part you did not inherit. Make sure everyone is in agreement and the documents are in compliance with what the bank needs, including the purchase and sale agreement and proper loan documents.

See our other video on gift of equity here: https://youtu.be/2ms49POltik

Some do it through a refinance transaction, some through purchase, but it can be done.

If you have any questions about splitting inheritance, contact Stiles Law by calling (781) 319-1900.

Copyright © 2019 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.