Top Scarborough, ME Residential Real Estate Lawyers Near You
477 Congress St, Portland, ME 04101
One Portland Square, Portland, ME 04112-0586
57 Exchange St., Portland, ME 04101
3 Canal Plaza, PO Box 15060, Portland, ME 04112
511 Congress Street, PO Box 9711, Portland, ME 04104
234 Main Street, Biddeford, ME 04005
Two Monument Square, Suite 704, Portland, ME 04101
75 Pearl Street, Portland, ME 04101
2 Monument Sq, Suite 901, Portland, ME 04101
One Canal Plaza, 9th Floor, Portland, ME 04112
2 Monument Square, Suite 900, Portland, ME 04101
Merrill's Wharf, 254 Commercial Street, Portland, ME 04101
Two Canal Plaza, Portland, ME 04101
Twelve Portland Pier, Portland, ME 04101
One City Center, P.O.Box 9546, Portland, ME 04101
305 Main St, Yarmouth, ME 04096
249 Main St, PO Box 275, Cumberland Center, ME 04021
85 Exchange Place, Portland, ME 04101
49 Pleasant Street, PO Box 1018, Brunswick, ME 04011-1018
279 York Street, York, ME 03909
Scarborough Residential Real Estate Information
Lead Counsel Verified Attorneys in Scarborough
Lead Counsel independently verifies Residential Real Estate attorneys in Scarborough and checks their standing with Maine bar associations.
Our Verification Process and Criteria
Ample Experience
Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
Good Standing
Be in good standing with their bar associations and maintain a clean disciplinary record.
Annual Review
Submit to an annual review to retain their Lead Counsel Verified status.
Client Commitment
Pledge to follow the highest quality client service and ethical standards.
What Does Contingent Mean in Real Estate?
In a real estate transaction like the sale of a house, a “contingency” clause in the contract acts as a way to cancel the contract if a certain event were to happen. For instance, if you make an offer and the seller accepts it, you may negotiate a contingency that accounts for a poor housing inspection allowing you to back out of the deal. If you need to sell your home as well, you could negotiate a contingency that allows you to back out of buying the new home if you can’t sell your current one.
What Is a Short Sale?
A short sale is when the seller is selling the property for less than is owed on the mortgage. This could be a bank that repossessed the home in a foreclosure. In this case, the bank would sell the house, essentially hoping to get someone to buy the house, and the bank will forgive the difference that remains on the original mortgage. A short sale often presents a good opportunity to the right buyer who needs to save a bit of money.
Do I Need a Real Estate Lawyer or a Real Estate Broker?
A broker (also known as an agent or realtor) represents people in the home buying or selling process. But they may not be as experienced when it comes to contract negotiations as a real estate lawyer. While you may not need a real estate lawyer for your home sale, they can help you deal with any unexpected roadblocks to the sale process. Some states also require a real estate attorney for any contract signings. If you are unsure, you could schedule a consultation.