Category: North Carolina

PRESS RELEASE   FOR IMMEDIATE RELEASEOctober 18, 2021 RALEIGH, NC—Tien Law Firm secured a trademark litigation victory for our retail brand client at the Trademark Trial and Appeal Board (TTAB) by securing a withdrawal of the Petition for Cancellation filed by Petitioner. Registrant was successfully defended by Sonya Tien and Amiee Nwabuike of Tien Law Firm, PC. This win marks a milestone for the retail client’s infringement enforcement efforts. The Petition for Cancellation alleged fraud and abandonment claims to seek

Tien Law Firm’s car accident lawyers have many years of experience handing claims against Progressive Insurance. The purpose of this page is to give you some tips to help you seek maximum value of your injury claim in settlement negotiations with Progressive.   Progressive is one of the largest insurance providers in the United States, with its main local competitors being State Farm, Allstate, Nationwide, and GEICO. Like many of the nation’s top insurance companies, Progressive is known for its catchy television

One of the most important parts of a real estate transaction is determining the correct legal description of the property and making sure the recorded deed contains the correct legal description. To find out the details about the property that you plan to purchase, you may want to order a land survey. that only way to truly know exactly what you are purchasing is to have the property surveyed. A survey will give you a graphic outline of the legal

For more than a year, the Raleigh, Charlotte, Greensboro, housing market has been hot. When purchasing in an area where demand exceeds the amount of readily available homes, competition is fierce. Properties can be listed at a premium price, multiple offers may be received, and sellers are less likely to make concessions. Potential home buyers do not want to be caught off guard when entering a Sellers’ Market. Buyers must be persistent and resilient to obtain the property that they

An HOA transfer fee is a typical fee that covers the expenses the association incurs when ownership of the property is transferred from the seller to the buyer in the association’s management company’s records. Such HOA management expenses can include, but are not limited to, document preparation, distribution of the community’s rules and regulations to the new owner, and the handling and copying of the property’s inspection records.Generally, our real estate closing attorneys review the Offer to Purchase and Contract

What Is A Closing Disclosure Form?  The Closing Disclosure is a five-page form that a lender provides to a real estate buyer, and should be provided at least three business days before a loan closes. The Closing Disclosure (CD) outlines the final terms and costs of the mortgage. Whereas the HUD-1 settlement statement was long and confusing, the Closing Disclosure Form used today is more streamlined. Why Is the Closing Disclosure Form Important? You can consider the Closing Disclosure Form the final

After all of the closing documents are signed, whether you are the real estate agent, the seller or maybe even the buyer, you may expect to get a check as soon as all the paperwork has been signed. Instead, you are told by the closing attorney that you will have to wait. What is the attorney waiting for and why? Attorneys must follow a code of ethics that governs their relationship with clients and their role as fiduciaries in real

Our North Carolina real estate lawyers have seen some insurance companies can seek to escalate homeowners’ insurance rates due to the estimated replacement costs for homes subject to future weather events and disasters. It pays to shop around. A wise homeowner uses the free-market economy to obtain goods at the best price available. There are many different home insurance companies. Some shopping around can end up saving significant amounts of money in the short and long run. An important consideration

Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. Like other kinds of mortgage insurance, PMI protects the lender—not you—if you stop making payments on your loan.  PMI is arranged by the lender and provided by private insurance companies. PMI is usually required when you have a conventional loan and make a down payment of less than 20 percent of the home’s purchase price. If you’re

A significant number of car accidents that we see each year in this state were rear-end crashes. This could be interpreted to mean that rear-end collisions are common and occur at an unfortunately high rate. When you are involved in this type of accident, having a lawyer on your side can allow you to focus on recovery instead of troublesome insurance companies. It is important to note that certain rear-end collision factors that can influence your case. Why a Rear-End

Earnest money is money you put down to demonstrate that you are serious about moving forward to buy the home. It must be enough to demonstrate good faith and is usually between 1-5% of the purchase price, which can vary by customs and locations.If your offer is accepted, the earnest money becomes part of your down payment or closing costs. If the offer is rejected, your earnest money is returned to you. If you back out of a deal, you

It is important that buyers who are purchasing real estate have a basic understanding of what closing costs they will be responsible for under the terms of their contract. Below, you will find a list of typical buyer closing costs in a real estate transaction. Common Closing Costs Title & Legal Fees 1) Attorney Fee 2) Survey 3) Title Search/Lender Policy Endorsement 4) Recording Fees 5) Title Insurance 6) Home Inspection 7) Home Warranty (OPTIONAL) 8) Property Taxes Due Mortgage

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.

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

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.

When you file a claim against another driver for damages that resulted from a car accident, you may need to appear at a deposition, mediation, and/or trial. What is a Deposition? A deposition is a legal proceeding, usually outside of the courtroom, where a party or witness is called in for questioning by a lawyer under oath. The questions and answers are recorded by a court reporter to be used later in court filings and trial. It is important to

We are pleased to announce a successful pre-litigation car accident settlement obtained against USAA for one of our clients who sustained a dental injury in a motor vehicle accident. The collision occurred in Wake County near I-40 at Gorman Street, near downtown Raleigh and North Carolina State University. The negotiated settlement included the cost of future medical treatment for our client, which she was very happy about. Sonya Tien obtained the legal victory in the matter for our client!