Take a look at my interview with Leanna Martens, a professional realtor, on how a real estate lawyer helps buyers and sellers. And if you’re buying or selling property in Alberta, please consider us at RMLO Law LLP
Timing! I keep blogging about timing because it is one of the biggest problems for real estate transactions. Issues with timing are hugely stressful; they are the most common reason for an increased legal account. And, no one likes to pay more in legal fees than they thought they were going to have to pay!
This edition of the Tales from the Trenches podcast features special guest Arden Dalik, a senior advisor in the Calgary office of Global Governance Advisors. Her Tale concerns a real estate investment project in Alberta presented to the REIN Group by a REIN member. Quite a number of REIN members invested in the project, including Arden. Unfortunately, the deal went bad, but I was able to come to Arden’s rescue as her real estate lawyer (aka Legal Eagle).
The legal requirements surrounding mortgages in Alberta demand a lawyer, but an attorney protects your interests and manages many important details in a real estate transaction. Once you have a Purchase Contract, it’s time to get a lawyer, however it can help to have one much earlier in the process to make sure things go smoothly. Below is a list of all the things that my Edmonton law firm, RMLO Law LLP, takes care of so that our clients can focus on getting ready to change homes. As you’ll see, there’s a lot to do, which is why the process takes time. Buying and selling are bit different, but they both take time. The end of this blog post also has a bunch of frequently asked questions.
What does a successful life in Alberta real estate look like? Legal education, investing experience, and the importance of family are all topics covered in this hour-long interview with Barry McGuire. The host of the Everyday Millionaire podcast, Patrick Francey, is an investor, entrepreneur, and educator who has known Barry for many years. Their wide-ranging conversation is littered with nuggets of wisdom and humour. Check it out at the following link:
Do you think that if you own your land, then you are Lord/Lady of your castle, in complete control? Wrong! Continue reading
Here’s the scenario. When we get a new Alberta real estate transaction sent to us here at RMLO Law LLP in Edmonton, I take a look at what lawyer/law firm is representing the other party. Normally it’s a law firm that does a lot of real estate. Great, that means that we will be working with somebody who understands how real estate works with respect to timing, documentation, and nuances of this legal specialty. What I hate to see is if the law firm is better known for their expertise in other legal specialties, such as divorce law or litigation.
Yes, we are all lawyers but it’s an age of specialization. Continue reading
This question comes up all the time in my Alberta real estate legal practice. I’ll get a call from a buyer or seller, we discuss the details of their purchase or sale and then the question comes up: “This is a simple deal and we want to save some money on legal fees. Can we both use you as our lawyer to close this deal?”
The short answer is maybe, but practically speaking, no. Continue reading
What can you do if you discover major problems with a property after buying real estate in Alberta? There are a number of legal and practical issues. First let me tell you about a situation that a client brought to me, and then I’ll explain what I advised. Continue reading
Stop reading if you don’t like saving money! This blog post is aimed at helping you tame your legal bills in general, and with real estate transactions in particular. Continue reading