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  2. Estoppel certificate - Wikipedia

    en.wikipedia.org/wiki/Estoppel_certificate

    An Estoppel Certificate (or Estoppel Letter) is a document commonly used in due diligence in real estate and mortgage activities. It is based on estoppel, the legal principle that prevents or estops someone from claiming a change in the agreement later on. [1] It is used in a variety of countries for commercial and residential transactions.

  3. Due diligence - Wikipedia

    en.wikipedia.org/wiki/Due_diligence

    Due diligence can be a legal obligation, but the term more commonly applies to voluntary investigations. It may also offer a defence against legal action. A common example of due diligence is the process through which a potential acquirer evaluates a target company or its assets in advance of a merger or acquisition. [1]

  4. Re-trade - Wikipedia

    en.wikipedia.org/wiki/Re-trade

    Typically this occurs after the buyer gets the property under contract and during the period that it is performing due diligence. The buyer may raise a due diligence issue and demand a purchase price adjustment to a lower re-trade price. The seller can be left in a bad situation where it must either accept the lower price or lose the sale and ...

  5. How to buy a house from a family member - AOL

    www.aol.com/finance/buy-house-family-member...

    Less need for due diligence: ... Create a contract: Your real estate agent or attorney can draft a formal purchase and sales agreement. This document should outline all the key details and terms ...

  6. Can a seller back out of a real estate contract? - AOL

    www.aol.com/finance/seller-back-real-estate...

    The language of real estate contracts is typically written to protect buyers. And in many cases, a home seller who reneges on a purchase contract can be sued for breach of contract. A judge could ...

  7. Phase I environmental site assessment - Wikipedia

    en.wikipedia.org/wiki/Phase_I_environmental_site...

    SBA Phase I Environmental Site Assessment means all properties purchased through the United States Small Business Administration's 504 Fixed Asset Financing Program require specific and often higher due diligence requirements than regular Real Estate transactions. Due diligence requirements are determined according to the NAICS codes associated ...

  8. What does a real estate attorney do? - AOL

    www.aol.com/finance/does-real-estate-attorney...

    A real estate attorney hired to simply review and edit a contract might be had for around $500 or so, she says. In the Atlanta market Ailion serves, an attorney’s fee typically ranges from $550 ...

  9. Real estate contract - Wikipedia

    en.wikipedia.org/wiki/Real_estate_contract

    A real estate contract typically does not convey or transfer ownership of real estate by itself. A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically ...