Tien Law Firm’s personal injury lawyers achieved a successful settlement against GEICO for a minor child that our firm represented pro bono.
Nationwide Settlements, Personal Injury, Pre-Trial Wins, Settlements, Victories
December 2020: Successful Settlement Achieved Against Nationwide
We are pleased to announce Tien Law Firm negotiated and obtained a successful pre-litigation settlement in a matter against Nationwide.
Firm News, Personal Injury, Pre-Trial Wins, Settlements, Victories
December 2020: Settlement Secured Against Allstate
We are pleased to announce that Tien Law Firm has negotiated and obtained another pre-trial settlement for our client against Allstate.
California, New York, North Carolina, Real Estate
What Lenders Have to Disclose About a Real Estate Loan
Federal disclosure forms define the information lenders must provide to consumers applying for real estate loans. The Loan Estimate, which covers the key features, risks, and costs of a mortgage loan, must be provided to the real estate buyer within three business days of an approved loan application. Additionally, the Closing Disclosure form covering the transaction costs for the real estate purchase must be delivered at least three business days before the closing.
Most contracts for the sale of real estate (except for new construction sales) provide that the property is being sold in “as is” condition. This means that, as of the date of closing, the property should be in the same condition as it was in at the time the contract was signed. After the Closing, the seller may not need to make any additional requested repairs. Therefore, anything on the premises that is not in the same condition as it
Real estate agents are not paid a fixed amount or hourly, they are usually paid a percentage of the purchase price in a successful real estate transaction. When one agent represents the sellers and another represents the buyers the commission is typically split between them. Real estate commissions are typically 6% of the transaction usually 3% for buyer’s agent and 3% for seller’s agent when split. Consider the amount of work performed when evaluating the commission they earn and remember
The real estate purchase process can be complicated, but our real estate attorneys are here to help you from beginning to close. Below is our Step-by-Step Guide for buyers of real estate. Please note that every deal is unique and the process below is a general overview. Feel free to Contact Us with further questions. STEP 1 – MAKE AN OFFER The first step in any real estate transaction is to find the desired property and make and offer. If the
These costs are paid to third parties and you are free to shop and compare providers for these services, including: Survey;Home Inspector;Pest Inspector;Engineers;Lender’s title policy, which protects their legal interest in their loan collateral, which is usually the property; andBuyer’s title insurance, which allows potential future use of the current title search results If you may select service providers from the list provided by the lender or select your own providers for the services.
An escrow account is an account established by your lender to set aside a portion of your monthly mortgage payment to cover annual charges for property taxes, any applicable mortgage insurance, and homeowner’s insurance. Escrow accounts are a good idea because they help you stay on track to assure money will be available for these payments.
Auto Accidents, Car Accidents, Motorcycle Accidents, Personal Injury, Tractor-Trailer Accidents
Should I Sign the Medical Release Form After an Accident?
Our personal injury attorneys frequently get asked whether a claimant must sign the HIPAA or medical authorization for release form from the insurance company after an auto accident. After a car accident, an insurance adjuster will usually reach out to pressure claimants to sign a medical release form. A medical release form allows the insurance company to access your medical records. Typically, the medical release will specify which provider the insurance company can access records from and a date range