Things You Need To Know Before Signing Your Lease Agreement

Foreclosure process

One in every 96 homes reported at least one foreclosure filing in 2013. If you are unfortunate enough to come across foreclosure or get involved in an eviction case, the entire process can be a scary ordeal. Most people do not know that if an eviction escalates to a court setting, a judge will hear and decide the case within 20 days (on average) after the tenant or the landlord files a request to set the case for trial.It is important to protect yourself at all costs in case a situation like this should arise. When you sign your lease agreement you need to make sure your assets are protected and that you have some knowledge or understanding of personal property law.

To avoid being a victim of foreclosure, you need to find a real estate lawyer that can help you navigate the ins and outs of your lease agreement to make sure your liberties are not compromised where you reside. The laws on real estate differ from state to state, so it is important to make sure your lawyer is knowledgeable on the law of the land. For example, did you know California law requires real estate agents to disclose information about any death that occurred on a property within the three years before the sale?

This vital information can be important when looking to buy or rent a property. The state of California has many different laws and regulations when it comes to real estate and the more you know the better off you will be. According to title 10 of the California civil procedures code any property that is abandoned, or for whom a legal owner cannot be found, is classified as ?unclaimed property.? If after three years such property remains unclaimed it, ?escheats? or transfers to the California government. This information can be pivotal when looking to buy a home.

Being a homeowner is a big step. Before you sign your lease agreement you need to consult a real estate attorney that guarantee you are protected. Your home is your castle, make sure its protected like one.

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