Deeds, Eviction, Land Contract

Real Estate: How Long Does An Eviction Take?

 

Cincinnati Real Estate Law: How Long Does An Eviction Take?

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Tibbs Law Office, LLC
1329 East Kemper Rd. #4230
Cincinnati, OH 45246
(513) 793-7544
Daryle@tibbslawoffice.com
Jordan@tibbslawoffice.com
www.tibbslawoffice.com

Real Estate: Can My Landlord Come In And Inspect The Premises Whenever He Wants?

 

Real Estate Law:  Can My Landlord Come In And Inspect The Premises Whenever He Wants?

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Tibbs Law Office, LLC
1329 East Kemper Rd. #4230
Cincinnati, OH 45246
(513) 793-7544
Daryle@tibbslawoffice.com
Jordan@tibbslawoffice.com
www.tibbslawoffice.com

Real Estate: I Just Received An Eviction Notice Because Of Someone Else’s Drug Activity, Do I Have Any Options?

Real Estate:  I Just Received An Eviction Notice Because Of Someone Else’s Drug Activity, Do I Have Any Options?

For more online sources on this and similar topics, please visit our firm youtube channel at:

www.youtube.com/tibbslawoffice

Tibbs Law Office, LLC
1329 East Kemper Rd. #4230
Cincinnati, OH 45246
(513) 793-7544
Daryle@tibbslawoffice.com
Jordan@tibbslawoffice.com
www.tibbslawoffice.com

Real Estate: Can A Person With Disabilities Make Modifications To A Rental Property?

Real Estate:  Can  A Person With Disabilities Make Modifications To A Rental Property?

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Tibbs Law Office, LLC
1329 East Kemper Rd. #4230
Cincinnati, OH 45246
(513) 793-7544
Daryle@tibbslawoffice.com
Jordan@tibbslawoffice.com
www.tibbslawoffice.com

Real Estate: Does My Landlord Have To Allow Me An Assistance Animal Even If There Is A “No Pets” Policy?

Real Estate: Does My Landlord Have To Allow Me To Have An Assistance Animal Even When There Is A “No Pets” Policy?

For more online sources on this and similar topics, please visit our firm youtube channel at:

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Tibbs Law Office, LLC
1329 East Kemper Rd. #4230
Cincinnati, OH 45246
(513) 793-7544
Daryle@tibbslawoffice.com
Jordan@tibbslawoffice.com
www.tibbslawoffice.com

Real Estate: How much notice is required for terminating a month to month lease?

Real Estate:  How much notice is required for terminating a month to month lease?

For more online sources on this and similar topics, please visit our firm youtube channel at:

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Tibbs Law Office, LLC
1329 East Kemper Rd. #4230
Cincinnati, OH 45246
(513) 793-7544
Daryle@tibbslawoffice.com
Jordan@tibbslawoffice.com
www.tibbslawoffice.com

Mortgage Forgiveness Debt Relief

Mortgage Forgiveness Debt Relief

If you are like me, you are in the midst of the tax preparation haze.  I became an attorney with the hopes that my business would be that of the written word and I would never have to complete another math problem for so as long as I live.  As it turns out, the government has other ideas.  Each year we are forced to gather paperwork, receipts, and get out calculators, while we lament about how little we earned and how much of that we owe to the government so that it can carry on with programs that we don’t benefit from or don’t believe in.
I dislike tax preparation, not only because it is tidious, but also because it requires us to review the events of the last year, which in turn requires us to assess whether we achieved our goals or failed.  After finishing my taxes and assessing the year, I consider 2011 to be a success for me individually, but to be fair, my expectations and living requirements were much lower than the average American. 
Due to the disappointing economy, approximately 1,334,663 foreclosures were filed in 2011 and that does not include the sizeable number of short sales that occurred.  What many Americans don’t realize is that in years past, if your house was foreclosed on, or you sold your house for significantly less than what you owed in a short sale, you were required to pay the full deficiency amount.  Due to current conditions, the lending institutions have rarely required this; however, you were still required to pay income taxes on any deficiency that was cancelled by the lending institution (because the cancellation of a debt is considered income).  In many cases, this could result in a tax bill of $50,000 or more.  Luckily, for those Americans in this sitation, Congress enacted the Mortgage Forgiveness Debt Relief Act.
Congress enacted this bill in 2007, as a result of the declining economy.  The Mortgage Forgiveness Debt Relief Act allows you to exclude certain cancelled debt on your principal residence from income.  Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a short sale or foreclosure qualifies for relief.  The relief is only in effect through 2012, so if you have considered these options or are considering these options, you need to act fast to qualify.  If you need tax preparation help, you may call my office for a referral to a local, knowledgeable, friendly accountant.
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Tibbs Law Office, LLC
1329 East Kemper Rd. #4230
Cincinnati, OH 45246
(513) 793-7544
Daryle@tibbslawoffice.com
Jordan@tibbslawoffice.com
www.tibbslawoffice.com

“Unintentional Landlord”

Due to the state of the economy, there are many, what I call “unintentional landlords” these days. It is not necessarily a bad thing, I am one myself. My father and I purchased a house in Columbus, Ohio several years ago when I started law school. Our plan was for me to live in the house during law school, do some repairs and light remodeling, and sell it after I graduated. We were banking on the economy improving and it seemed like we had enough time. The economy did improve a little, but not enough. Now I am a property manager and my father is a landlord. There are a lot of people out there just like us. Many people have bought a new home before selling the old one and now are stuck with two mortgages. The only way to stay afloat is to acquire a tenant.

If you find yourself in this situation, you should speak to an attorney early on to make sure you understand the process and your rights and obligations as a landlord. You should have an attorney review your lease and make sure it is sufficient under the circumstances. You should also speak to the attorney about evictions and you should do this before you need to evict a tenant. No one likes evicting but the odds are very great that you will have to evict a tenant at some point.

Many attorneys will do evictions for a flat fee and this usually includes preparing the 3-day notice. Sometimes attorneys will offer a discount if a landlord owns multiple properties (doing more than one eviction at a time is more efficient). The attorney will likely require the flat fee be paid up front along with all filing fees.

The 3-day notice is a very important document and it has to be completed exactly according to the statute or the landlord may have to start the process all over and lose precious time (and time is money). When I am retained for an eviction, I like to prepare the three day notice for my clients so that I can be sure that it is done correctly. If you find yourself delaying hiring an attorney due to cost considerations, this is understandable; however, keep in mind that every day a non-paying tenant stays in your house, you are losing money. It is much more cost efficient to have the eviction done correctly so you can obtain a paying tenant.

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Real Estate: “My Property Taxes Are Too High, Can I Get Them Reduced?”

Real Estate: “My Property Taxes Are Too High, Can I Get Them Reduced?”

For more online sources on this and similar topics, please visit our firm youtube channel at:

www.youtube.com/tibbslawoffice

Tibbs Law Office, LLC
1329 East Kemper Rd. #4230
Cincinnati, OH 45246
(513) 793-7544
Daryle@tibbslawoffice.com
Jordan@tibbslawoffice.com
www.tibbslawoffice.com

Real Estate: “Where Can Land Records Be Obtained?”

Real Estate: “Where Can Land Records Be Obtained?”

For more online sources on this and similar topics, please visit our firm youtube channel at:

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Tibbs Law Office, LLC
1329 East Kemper Rd. #4230
Cincinnati, OH 45246
(513) 793-7544
Daryle@tibbslawoffice.com
Jordan@tibbslawoffice.com
www.tibbslawoffice.com