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Will You Add? - Should You Tell Everything when Selling?
The Medical Savings Account (MSA) is an older form of the Health Savings Account (HSA).You cannot open a new MSA. You cannot contribute additional money into your MSA.However, you can keep your MSA as long as you like. When you retire, it will automatically turn into an Individual Retirement Account (IRA) and you can withdraw money from it then for any reason (not just medical).Or,
The case (Carven vs. Hickman) used the Statute of Repose. This statute basically is designed to protect builders from perpetual liability for defective conditions due to the improvement of a property. The graveyard did not count as an improvement and did not protect Mr. Hickman from liability for the "defect".
This case isn't your technical lack of disclosure case, but it gives you an idea of what you should disclose -- everything. Otherwise, thirty-one years later, you or your estate could be sued for non-disclosure.
Caveat Emptor has no place in t
You can’t go wrong with design standards, but you can improve your website design by considering both your business and your target audience.One of the first things we have our new clients do is browse around the web and find at least 3 sites they like and tell us what it is they like about them. This helps us to get a feel for the general design style that the client finds pleasing. We also ask a
Personally, I tell all. Everything from the once or twice the wind blew down the chimney the wrong way one windy spring to the small little hole in the guest room window screen. Nothing is too small and nothing is to large.
Caveat Emptor -- "let the buyer beware" -- used to be the law when it came to real estate transactions. Unless the buyer specifically asked about the defect, the seller didn't need to disclose any problems.
But over the years, the Courts noticed that this was unfair. Car buyers get to test drive cars, so why should home buyers be so blind? If a seller knows about a problem in the home, the problem should be corrected or disclosed to a potential buyer.
Modern consumer protection acts have led to disclosure requirements for sellers.
Although the laws vary from place to place, the purpose of these diclosures remain the same. Sellers of residential real estate must disclose to their purchasers any known defects or information concerning the water and sewer systems, insulations, structural systems, plumbing, electrical, heating and air-conditioning systems, fixtures and much more.
These laws require the seller to complete a disclosure form at the time the real estate purchase contract is entered into and give it to the purchaser. If the purchaser has not recieved the form, he or she will have the right to terminate the contract and receive a full return of the earnest money.
What is considered a defect? Must it be something large? Do bones in the backyard really qualify as a defect?
Yes, they do. The courts have even ruled that land discovered to once be a graveyard or a scene of a heinous crime must come with a disclosure.
For example, in 1964, Mr. Louis Hickman created and recorded a piece of land that was once a graveyard. Mr. Hickman had removed the tombstones and all other surface evidence, leaving the graves underground.
In the 80's, a couple built a house on the lot. Fifteen years later, they discovered the graveyard.
The case (Carven vs. Hickman) used the Statute of Repose. This statute basically is designed to protect builders from perpetual liability for defective conditions due to the improvement of a property. The graveyard did not count as an improvement and did not protect Mr. Hickman from liability for the "defect".
This case isn't your technical lack of disclosure case, but it gives you an idea of what you should disclose -- everything. Otherwise, thirty-one years later, you or your estate could be sued for non-disclosure.
Caveat Emptor has no place in to
September is Life Insurance Awareness Month.The children are going back to school, life is getting back to it's familiar routine as the lazy days of summer and coming to a close. As the seasons change there is one constant that doesn't .. family.Hold on -- what if the family dynamic suddenly changed? The loss of a breadwinner or caregiver could be catastrophic to a family. Alone, the emo
But over the years, the Courts noticed that this was unfair. Car buyers get to test drive cars, so why should home buyers be so blind? If a seller knows about a problem in the home, the problem should be corrected or disclosed to a potential buyer.
Modern consumer protection acts have led to disclosure requirements for sellers.
Although the laws vary from place to place, the purpose of these diclosures remain the same. Sellers of residential real estate must disclose to their purchasers any known defects or information concerning the water and sewer systems, insulations, structural systems, plumbing, electrical, heating and air-conditioning systems, fixtures and much more.
These laws require the seller to complete a disclosure form at the time the real estate purchase contract is entered into and give it to the purchaser. If the purchaser has not recieved the form, he or she will have the right to terminate the contract and receive a full return of the earnest money.
What is considered a defect? Must it be something large? Do bones in the backyard really qualify as a defect?
Yes, they do. The courts have even ruled that land discovered to once be a graveyard or a scene of a heinous crime must come with a disclosure.
For example, in 1964, Mr. Louis Hickman created and recorded a piece of land that was once a graveyard. Mr. Hickman had removed the tombstones and all other surface evidence, leaving the graves underground.
In the 80's, a couple built a house on the lot. Fifteen years later, they discovered the graveyard.
The case (Carven vs. Hickman) used the Statute of Repose. This statute basically is designed to protect builders from perpetual liability for defective conditions due to the improvement of a property. The graveyard did not count as an improvement and did not protect Mr. Hickman from liability for the "defect".
This case isn't your technical lack of disclosure case, but it gives you an idea of what you should disclose -- everything. Otherwise, thirty-one years later, you or your estate could be sued for non-disclosure.
Caveat Emptor has no place in t
The franchise industry is famous for its fast food, printing & coffee franchise opportunities. These businesses are well known for the quality of their output and reasonable prices. Some of the earliest entrants to the franchise market include well know companies like McDonalds & Wimpy.Now, some new businesses have entered the market place. You have house hold repair franchises, fence building & m
These laws require the seller to complete a disclosure form at the time the real estate purchase contract is entered into and give it to the purchaser. If the purchaser has not recieved the form, he or she will have the right to terminate the contract and receive a full return of the earnest money.
What is considered a defect? Must it be something large? Do bones in the backyard really qualify as a defect?
Yes, they do. The courts have even ruled that land discovered to once be a graveyard or a scene of a heinous crime must come with a disclosure.
For example, in 1964, Mr. Louis Hickman created and recorded a piece of land that was once a graveyard. Mr. Hickman had removed the tombstones and all other surface evidence, leaving the graves underground.
In the 80's, a couple built a house on the lot. Fifteen years later, they discovered the graveyard.
The case (Carven vs. Hickman) used the Statute of Repose. This statute basically is designed to protect builders from perpetual liability for defective conditions due to the improvement of a property. The graveyard did not count as an improvement and did not protect Mr. Hickman from liability for the "defect".
This case isn't your technical lack of disclosure case, but it gives you an idea of what you should disclose -- everything. Otherwise, thirty-one years later, you or your estate could be sued for non-disclosure.
Caveat Emptor has no place in t
When you decide that you want to consolidate your bad credit bills you will probably look into a debt consolidation company. But what exactly does a “debt consolidation company” do and how can they help you relieve the stress of the debt that is piling up?Debt consolidation companies help their customers who are being crushed by debt with professional help to recover from their financial situatio
What is considered a defect? Must it be something large? Do bones in the backyard really qualify as a defect?
Yes, they do. The courts have even ruled that land discovered to once be a graveyard or a scene of a heinous crime must come with a disclosure.
For example, in 1964, Mr. Louis Hickman created and recorded a piece of land that was once a graveyard. Mr. Hickman had removed the tombstones and all other surface evidence, leaving the graves underground.
In the 80's, a couple built a house on the lot. Fifteen years later, they discovered the graveyard.
The case (Carven vs. Hickman) used the Statute of Repose. This statute basically is designed to protect builders from perpetual liability for defective conditions due to the improvement of a property. The graveyard did not count as an improvement and did not protect Mr. Hickman from liability for the "defect".
This case isn't your technical lack of disclosure case, but it gives you an idea of what you should disclose -- everything. Otherwise, thirty-one years later, you or your estate could be sued for non-disclosure.
Caveat Emptor has no place in t
Mini Sites are simple 1-2 page sites that usually consist of a sales page and sometimes an affiliate program. There purpose is simply to sell a product or service. They are quick and easy to build and can usually be up and running in a number of hours.How to use a mini site:Selling your own productAn affiliate presell page for 1 program graveyard.
The case (Carven vs. Hickman) used the Statute of Repose. This statute basically is designed to protect builders from perpetual liability for defective conditions due to the improvement of a property. The graveyard did not count as an improvement and did not protect Mr. Hickman from liability for the "defect".
This case isn't your technical lack of disclosure case, but it gives you an idea of what you should disclose -- everything. Otherwise, thirty-one years later, you or your estate could be sued for non-disclosure.
Caveat Emptor has no place in today's real estate market. Disclosure of all known problems isn't just being honest, it is beneficial for the home seller. You can protect yourself from litigation by simply stated everything. Yes, the price might drop a few hundred dollars, but it may save you tens of thousands in lawyer fees later.
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