Real Estate Law Archives

In our previous post, we began looking at when it may be smart to hire an attorney when engaging in a real estate transaction.

A lawsuit brought against the City of Philadelphia with the goal of forcing a reform of the city’s property assessment and tax system was been dismissed earlier this week.

In an era when many shopping malls are struggling, obtaining a stake in a successful shopping mall can be a difficult task. After all, there are not many successful shopping malls for sale, and the lucrative malls that are for sale are often very expensive acquisitions.

Over the last few weeks, a man who was able to move into a $300,000 home for about $16 has grabbed quite a few headlines. The Texas man used a quirk in real estate law called “adverse possession” to move into the abandoned home after filing an affidavit with a court and moving into the home. If he is able to stay in the home long enough, he will get full legal title to it. This leaves many of our readers wondering if this could happen in Pennsylvania. The answer is yes and no.

Recently, legislative developments have changed an important aspect of real estate law in Pennsylvania. Last month, Governor Corbett signed a bill that prohibits many private transfer fees in real estate transactions.