Episodios

  • Timely Contract is Very Easy!
    Sep 17 2021

    Podcast Episode by Art Macomber

    Art Macomber spells out how TimelyContract.com works to provide limited scope real estate legal services.

    This podcast is sponsored by TimelyContract.com. Visit TimelyContract.com for easy, fast, and expert solutions for your real estate transaction. TimelyContract.com, providing Better Information for real estate transactions.  Welcome to the new world of transactional real estate. Welcome to Timely Contract!

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    6 m
  • Why you would want to have your purchase and sales agreement reviewed by an attorney
    Aug 27 2021

    Podcast Episode by Greg George

    Greg George talks about issues that come up with purchase and sales agreements and why you would want to have it reviewed by an attorney.

    This podcast is sponsored by TimelyContract.com. Visit TimelyContract.com for easy, fast, and expert solutions for your real estate transaction. TimelyContract.com, providing Better Information for real estate transactions.  Welcome to the new world of transactional real estate. Welcome to Timely Contract!

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    12 m
  • Limited Scope Legal Services for Real Estate Transactions
    Aug 13 2021

    What are the benefits to using the limited-scope legal service provider Timely Contract?  Art Macomber highlights the situations where a limited-scope legal service is most beneficial.

    This podcast is sponsored by TimelyContract.com. Visit TimelyContract.com for easy, fast, and expert solutions for your real estate transaction. TimelyContract.com, providing Better Information for real estate transactions.  Welcome to the new world of transactional real estate. Welcome to Timely Contract!

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    5 m
  • Tenants in Common with Art Macomber of Macomber Law
    Jul 30 2021

    What is a tenancy in common agreement and how do they protect your ownership interest in a piece of property?

    This podcast is sponsored by TimelyContract.com. Visit Timely Contract dot com for easy, fast, and expert solutions for your real estate transaction. Timely Contract dot com, providing Better Information for real estate transactions.  Welcome to the new world of transactional real estate. Welcome to Timely Contract!

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    10 m
  • Title Insurance with Greg George of Macomber Law
    Jul 16 2021

    In this podcast, Greg is going to discuss some aspects about title insurance, what it covers, what it doesn't cover, what it's all about.  Because in my law practice, I frequently see issues come about where people are asking me about it. Be it an easement, or restrictive covenant or some other type of document that affects the title to or the use of their property.

    This podcast is sponsored by TimelyContract.com. Visit TimelyContract.com for easy, fast, and expert solutions for your real estate transaction. TimelyContract.com, providing Better Information for real estate transactions.  Welcome to the new world of transactional real estate. Welcome to Timely Contract!

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    15 m
  • Don’t Listen To Your Mom About Sharing (Real Property)
    Jun 25 2021
    Hi, I’m Shawn, an attorney with Macomber Law in Coeur d’Alene, Idaho.  I serve clients who have real property issues in Washington, Idaho and Montana.  Today we’re talking about the risks of having more than one person on title to real property. Most of us were taught that nice friends share with their friends. (Thanks Mom!) Mom chastised us for taking the doll or the toy sword away from our playmates, and immediately gave the toy back to the playmate in question. This brought us to tears. Now that we are adults, some of us carry that lesson over into the world of real property, thinking that sharing ownership in a piece of real estate with friends or family (or combination thereof) would not only be fun but also would be a nice way to share our mutual good fortune and vacation home.It is not. Your mom was wrong (but probably only on this point). In fact, without understanding the different ways to own real property with other people, and the legal rights of all the owners to that real property, sharing can “only lead to tears.” And very probably big lawyer bills. Merely knowing the legal rights and responsibilities you undertake as a co-owner of real property will not shield you from tears. Instead, you would be wise either to run away from the proposal to buy that piece of property with friends (screaming is optional) or treat the proposition as a business dealing from the outset, setting down the rights and responsibilities of each of the co-owners in a written document that a court could enforce.You think I’m just fishing for more legal cases? Not so. The caseload of good real estate lawyers overflows with untangling former friends from this sticky situation. The sad solution frequently resolves itself after many tears, months and possibly years of litigation, and irrevocably broken relationships. Here are the facts.Whether you’re in Bonner County, Ferry County, Kootenai County or Lake County, the law generally provides two ways to own real property in common: joint tenancies with the right of survivorship or tenancies in common. “Joint tenants” usually describes how the title to real estate is vested in spouses buying property. The instrument conveying the real property (usually a deed) may state that the recipients take title as “joint tenants.” For example, say that Uncle Bob conveys his lake cabin property to his favorite niece Sue and her husband George as “joint tenants.” Sue and George will own the property equally. Each will hold title to 100% of the interests in the real estate. This is not a 50-50 split. The law generally understands that “with right of survivorship” applies to these situations. The legal term “With right of survivorship” means that when one spouse dies, 100% of the interests in the title to the lake cabin property automatically will vest in the surviving spouse.The stickier situation arises when two or more people buy land together, whether as a vacation refuge or an investment. In this case, the conveying deed may not specify how the co-owners will hold title to the property. When this happens, the law generally views the new owners as “tenants in common.” When people hold property as tenants in common, each owner has the right to use and possess the entire property as long as one co-tenant’s use does not exclude any of the other co-tenants.This means that, when Dick and Jane and Lily and Logan by one parcel of bare land together and Lily builds a house on that bare land, ALL four tenants in common have the EQUAL right to use that house even if they didn’t pay for it. Lily may get so tired of Dick, Jane, and Logan using her house without her permission that she wants to sell it, retreating to the solitary life of an RV-dwelling vagabond. However Lily may not be able to do that if a lender financed the property’s purchase. In that situation, the deed of trust or the promissory note may contain a “due on sale” clause. If the bank finds out that Lily sold her interests, it could require Dick, Jane, Lily, and Logan immediately to repay the entire amount of that loan. Without a written agreement between the four owners, nothing prevent Lily from transferring her interests to a complete stranger, instead of to her other three cotenants. Logan could decide to rent out the property to weekend campers, or log the entire property, without asking permission of Dick, Jane, or Lily. As tenants in common, the remaining three generally have no legal way to prevent Logan from doing so. The best that Dick, Jane, and Lily may hope for is that Logan give them an accounting of how much he made by renting out the property or selling the timber.The law usually requires tenants in common to share the maintenance expenses of property they own. Dick may decide on his own, without talking to Jane, Lily, or Logan to “improve the property” by digging a well or paving the road. He does so at his own risk: the law generally will not require ...
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    11 m
  • Who should use Timely Contract and why?
    Jun 11 2021
    The first question is, when should I not be using timely contract when I think it would be the perfect service? And the second question is, when should I be using the timely contract service?
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    9 m
  • Who owns this road, and how can I legally build on it?
    May 28 2021
    This podcast is sponsored by TimelyContract.com.  Visit TimelyContract.com for easy, fast, and expert solutions for your real estate transitions. Timely Contract, providing better information for real estate transactions. Welcome to the new world of transactional real estate. Welcome to Timely Contract!Show Transcript:Hi, I’m Shawn, an attorney with Macomber Law in Coeur d’Alene, Idaho.  I serve clients who have real property issues in Washington, Idaho and Montana.  Today we’re talking about road ownership.Let’s say a road no one uses is next to your property. And let’s say you think to yourself, “If only I could use that road, I could build a shop there and get all my tools/plants out of the garage/dining room. Nobody else ever uses it and it’s not even paved.” Tempting as it might be to build the shop on that lonely road, first find the answers to some basic questions: Like, is this really a road, or could it be something else? If it is a road, is it a private road (for example, owned by a subdivision or a private road association)? Or is it a public road (dedicated to or claimed by a city, a county, or a highway district)? If someone else – whether a private entity or governmental entity – has a right to claim the road, what steps can you take to legally claim the road for yourself? How can you avoid risking the local governmental code enforcement officer requiring you to tear down your brand-new shop? And who pays for all this anyway?To find out whether the road is private or public, consider consulting your title report. If your home is in a city, town, or subdivision, your title report might contain reference to a record of survey, a city plat, or subdivision plat. Those instruments should indicate whether the road is held privately, or dedicated to a governmental entity like a city, a county, or a highway department. Your title report may simply refer to a “right-of-way,” whether public or private. If you live in a more rural area, you may need to contact your county road and bridge department to determine whether the road in question is public or private. If you still have questions about the plat, the survey, or the information you receive from the county, a qualified land-use attorney can help you find the answers.If a governmental entity owns the road, you may be able to negotiate obtaining the portion of the unused road with the city or county, just as you would if a private person or road association owned the road. You may want to consult with a real estate agent or an appraiser to find out how much that abandoned road is worth in the current marketplace. This will give you a starting point to negotiate a sale or trade of the road with its owner. Recognize however, a private real property owner has no obligation to even start negotiating a purchase, exchange, or donation of the road to you. In these United States of America, private property owners cannot be forced to sell their property to another person absent a court order. On the other hand, if the road or right of way is owned by a city, county, or highway district, starting out negotiating with those entities is not usually the most effective way to realize your goal of putting that unused road to your personal use. Instead, state statute combined with city or county ordinances will dictate how you must proceed and achieve the goal of building shop. Generally, someone wanting to build on a public right-of-way must first ask the city or the county to give up the right-of-way. The legal term is “to vacate or abandon.” Most governmental entities require not only a written request or petition to vacate a road, but also that the petitioner pay the processing costs or fees.Dedicated streets, sometimes called rights-of-way belong, not to the city or county, but to the people in the city or county. As publicly elected officials, the county commissioners or the city council have the obligation to be good stewards of publicly owned property (which includes dedicated streets or rights-of-way). To be fair not only to the petitioner but also to the other citizens they represent, the law requires that a city council or board of county commissioners hold a public hearing when presented with a petition to vacate or abandon a street. Notice of the hearing should be published in a local newspaper, posted on or near the right-of-way or street in question, and mailed to nearby neighbors. At the hearing, the board of county commissioners or the city council are supposed to hear evidence from the petitioner, supporters, and opponents of the request to vacate the street or right-of-way, as though the board or council are judges. In fact, members of the board or counsel are required to act as judges, in a “quasi-judicial” capacity.  The members may only consider information and evidence that proponents or opponents submit during that hearing. Should they do otherwise, it is likely that they violated their ...
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    9 m