By now you might be familiar with the term “gig economy.” More and more people are becoming independent contractors and ultimately, small business owners. These individuals generally have their own tools and are responsible for their own tax obligations for their business.
We’re getting involved in the gig economy with regards to our remote closing process. We’re on the hunt for traveling notaries who can assist in these remote closings. Connect with us if you or someone you know is interested!
You can always contact Stiles Law by calling (781) 319-1900 or visit https://stiles-law.com. Contact email@example.com on the subject of notaries.
In the wake of the 2008 market crash, many real estate attorneys left the field to pursue other types of law. As a result, there’s still a gap that they left behind.
We know real estate law isn’t easy to break into, so we’ve created a real estate attorney in resident program to assist attorneys to find their way in. We know there are people out there who fit the bill. Schedule an appointment to discuss further!
In 2020 we did a video about homesteads and what they’re for (you can find that linked below). But in a nutshell, homesteads allow homeowners to protect the value of their property, most commonly from issues with creditors. It’s a good preventative measure just in case something goes awry.
How might you find out if you have a homestead when you’re not sure? Well, you can check the closing papers from your purchase for a homestead declaration recording fee. But you can also check the online registry of deeds (we have a video on that too).
If you have any further questions about homesteads, contact Stiles Law by calling (781) 319-1900.
If you’re buying or selling residential real estate in MA, you’re likely going to be seeing an American Land Title Association (or ALTA) settlement statement. Its purpose is to explain all of the money transferring hands in your transaction in the form of direct payments, loans, and adjustments. Everything is separated between the borrower/buyer and seller in different sections with labels on each column and row.
Pay special attention to loan fees and impound charges (aka escrows) which exist to approve the buyer and protect the lender, respectively.
Don’t forget there are charges associated with selling! Check out our more in-depth video on this topic, linked in the video above.
If you have any further questions about ALTA settlement statements or other documents, contact Stiles Law by calling (781) 319-1900
Mark is back this week with another overview of an important legal document. Are you refinancing again? Or getting ready for your new purchase closing? You’re going to encounter a CD or Closing Disclosure. This explains your loan in a nutshell. It was created post-2008 to protect the consumer.
Between escrows, closing costs and adjustments, Mark guides you through the small print and the details to look out for.
If you have any further questions about Closing Disclosures or other documents, contact Stiles Law by calling (781) 319-1900.