Fox 4 KDFW recently reported that a North Texas family was left all but homeless after their home builder backed out of their contract in the eleventh hour. It’s a consequence of the current seller’s market, and it’s perfectly legal. (more…)
The Texas legislature recently passed new legislation regarding Texas series LLCs, which went into effect on June 1, 2022. This new legislation will potentially offer more protection and peace of mind for individuals and entities conducting business with series LLCs. (more…)
Due to the current COVID-19 pandemic sweeping the country, the Centers for Disease Control (CDC) issued an order (the Order) on September 4, 2020, that temporarily places a moratorium on residential evictions. This order is in effect from September 4, 2020, through December 31, 2020.
At this time, many tenants have questions about how the order works: What exactly is a “moratorium on evictions”? To whom does the Order apply? What do they need to do? Likewise, many landlords are wondering: Does this mean that all of their tenants can stop paying rent? Is this the same as the recent CARES Act? Can the CDC even issue an order like this? Fortunately, the expert real estate attorneys here at The Farah Law Firm can help you interpret this recent action and provide answers to your questions. (more…)
With the recent outbreak of the novel coronavirus (COVID-19) in the United States, all Americans are forced to wonder how this pandemic will affect their lives going forward. It’s hard to imagine any aspect of life that won’t be affected by this global tragedy.
Landlords, tenants, and real estate investors in particular are already facing many difficult questions. How will this crisis affect your contracts? What are your options? Does the coronavirus excuse your performance, or will you be forced to pay damages in the event you cannot perform? What will happen to your residential and commercial leases?
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 the 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.
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 is 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 a 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…)
Web Design By 
Facebook
LinkedIn