Despite the numerous legal safeguards, checks and counters that the US’s financial system rely on, there is always another loophole exploited by scammers. This is especially true due to the fluid political climate; as legislation changes, such as with this week’s repeal of Dodds-Frank regulation, so too do the products and terminology offered to people. For vulnerable people, and in particular seniors, this poses a unique challenge, as scammers seek to take advantage of confusion and lack of knowledge to make illicit cash. (more…)
For many people, buying or selling a house is one of the most significant transactions of their life, and it stands to reason that you’d want to turn to a professional rather than navigating the process on your own. If you’re purchasing a new home or considering selling your house, your first inclination might be to enlist the help of a real estate agent. But while buying and selling agents can be a good option, you may be surprised to learn that a real estate attorney might actually be the best option.
NBC 5 DFW recently interviewed real estate attorney Michael Farah to discuss a pesky problem affecting residents of a northwest Arlington neighborhood. A large flock of migratory egrets has descended on their homes, and 76-year-old Norma Crader, who purchased a home in the area prior to the birds’ arrival, is crying foul.
Especially if you’re a first-time homebuyer, earnest money can be a little confusing. You probably didn’t think you’d have to pay anything until actually purchasing the home! (more…)
When it comes to buying a house anywhere, the process is one that can be drawn out by unique and arcane laws that are in place. For a resident of Texas or any out-of-state investor who’s considering the purchase of a home, the Lone Star State brings with it some issues that offer a compelling reason why hiring a quality real estate lawyer to represent your interests is always a good idea. (more…)
The real estate business is one that’s bolstered by the trust of the parties involved, yet situations can occur that lead to such trusts being broken. The potential for such events to happen are the reason that the concept of earnest money has become standard for most agreements, which basically boils down to being a deposit of good faith. (more…)
Executing a valid will is one of the simplest and most important forms of estate planning around. Despite this the number of people that die intestate (without a will) is staggering. All too often life throws us curveballs, whether they be an unexpected death or disability. For this reason, it is never too early to prepare a will. The attorney’s at The Farah Law Firm, P.C. can make your will preparation a painless process and as your life changes, be it marriage, a birth, a death or divorce, our attorneys will be there to make changes as necessary. (more…)
You know the saying: “I wasn’t born in Texas, but I got here as fast as I could!” Everyone seems to be turning to Texas for many reasons. This explains the state’s population of almost 28 million, and counting! The state of Texas is rapidly growing in numbers due to the steady economy it maintains. It is estimated that by the year 2040, the Texas population will have hit 45 million. Where are we fitting all these people? With Texas being the largest state in the continental United States, it has the clear advantage in land space. The Lone Star state builds an average of 125,000 homes per year, placing the housing market as 3rd best in the country. (more…)
It happens all too often; a loved one unexpectedly dies without leaving a will. For those left to deal with the deceased person’s estate this can be a real estate nightmare. Without a surviving grantee or other survivorship language included in the deed the property becomes what is often called, “Heirship Property” or “Heir Property”. More often than not, the survivors of the deceased have no idea what to do with the heirship property and without taking the proper steps to properly vest title in the heirs there isn’t much that can be done as the property is virtually unsellable as it sits and title companies will not issue insurance until the issue is resolved. (more…)
A quitclaim deed is a purported transfer of a grantor’s right, title, and interest in a property; which is far different that other types of deeds such as general warranty or special warranty deeds which convey a property from one party to another. Our office receives calls on a daily basis request to draft Quitclaim Deeds (often mispronounced “Quick Claim or Quick-claim”) based on poor advice from internet searches. (more…)
“I hired The Farah Law Firm for the non-traditional sale of my residential property. The Farah Law Firm’s professionalism and outstanding knowledge of residential transactions made the sale go smoothly. The Attorneys and staff at the Farah Law Firm were understanding and took the time to explain each step of the process. They will be... Read More »
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