Modern society, in many ways, revolves around real estate. Everyone has their foot in RE in one way or another. You may be one of the millions of entrepreneurs who are trying to make their fortune by buying and developing land, buying and selling or managing office buildings or buying RE and keeping it until you believe the value may go up. Going into RE for a living used to require a specialized degree and a great amount of previous experience in the field, but now your everyday American is testing the waters. But even if you have never bought a piece of real estate, whether it is a house or a piece or land or a building, you have probably still been involved in the practice in some way. For instance, if you have ever rented a house or even a room and signed a lease, you have had some experience in RE.
With all that is currently going on in this exciting and constantly changing industry, there must be a set of laws to govern it and make sure that the transactions are fair. This law is called real estate law and is in hot demand. Lawyers working in this field usually make a good deal of money and constantly have business-sometimes more business than they can handle on their own.
Types of Real Estate Law
There are many, many different things that fall under this type of law. Some of the most common things these lawyers are involved in are:
• Property tax scam-this includes a dissecting of tax laws regarding personal property
• Foreclosure law-because of the recent market crash, foreclosure lawyers are in hot demand. These lawyers can work on the side of banks or creditors trying to foreclose a house or on the side of the defaulting homeowner who wants to save his or her property.
• Loans-there are many different legal aspects to loans. Lawyers write up the paper work for loans and can help when it comes to collecting on a loan or representing a client who wishes to file for bankruptcy due to house debt.
• Title insurance
• Tax liens