Category: Real Estate
Top 5 Things Sellers Want to Know When Selling Their Veterinarian Practice
How is my practice valued? What will happen to my employees? How is vacation time handled? Will my patients be taken care of? Do I need to sell 100% or …
Nonconforming Lots, Structures, and Uses in Maine
A nonconforming or grandfathered property is a use, structure, or lot that existed lawfully prior to the enactment of the zoning ordinance, and has been continuously maintained since the effective …
WHAT IS TITLE INSURANCE AND WHY DO I NEED IT?
WHAT IS TITLE INSURANCE AND WHY DO I NEED IT? Title insurance protects you from defects and problems with the title to your property that are not apparent from the …
Keeping the Family Camp in the Family
With summer imminent, many Mainers and those “from away” will be heading to their camps or vacation properties for relaxation and recreation. Frequently, these camps are legacy properties that have …
Can Municipalities Make a Profit From Tax Lien Sales?
Can a Municipality Make a Profit by Selling my Property After a Tax Lien Foreclosure? Prior to 2015, the answer was always yes. Regardless of the amount received at the …
ITEMS TO CONSIDER WHEN RECORDING A DIVORCE DECREE THAT WILL AFFECT REAL ESTATE
At the end of a divorce proceeding, the Court will issue a judgment which lays out the division of property and assets between the parties as well as detailing other …
What is a Phase I Environmental Site Assessment and When Should I Get One?
Recently we assisted a client looking to purchase a commercial industrial site that leased heavy equipment. Prior to completing the transaction, the buyer got a Phase I Environmental Site Assessment …
Why is a deposit so necessary to a purchase and sale agreement?
Several times clients that are purchasing real estate have asked, “Do I really need to give a deposit?” The parties say “This is a friendly transaction, is it really necessary …
LUPC VARIANCE
The State legislature created the Maine Land Use Planning Commission (LUPC) formerly known as the Land Use Regulatory Commission (LURC) by statute entitled 12 MRSA Chapter 206-A Land Use …
In Light of the Recent Devastating Wind Storm, You May Want to Take a Look at Your Homeowner’s Insurance Policy
Last week, a wind storm of epic proportions ravaged much of Maine. High speed winds knocked down trees, blew off roofs, and wreaked havoc with the power grid. As of …