Legal Issues


FIRPTA: What is it and why should you care?

FIRPTA: What is it and why should you care?

Feb 21, 2017 | Brett Woodburn, Esq.

Did you know homebuyers are responsible for ensuring that the IRS collects at least 15 percent of the sale price of real estate when the seller is not a U.S. tax resident?

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FIRPTA comes full circle in Agreement of Sale

FIRPTA comes full circle in Agreement of Sale

Feb 15, 2017 | Desiree Brougher, Esq.

PAR’s Standard Forms Committee has reverted the language regarding FIRPTA on the Agreement of Sale back to the original paragraph.

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The buyer’s remedy when the seller cannot convey good title

The buyer’s remedy when the seller cannot convey good title

Jan 25, 2017 | Victoria Edwards

Paragraph 17(G) of the Agreement of Sale provides that if the seller is unable to give good and marketable title to the property, the buyer will be entitled to elect from the following remedies: 1) take such title as the seller can provide or 2) seek reimbursement of the deposit and “any costs incurred by buyer for any inspections or certifications obtained according to the terms of this agreement.”

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The enforceability of liquidated damages

The enforceability of liquidated damages

Jan 11, 2017 | Victoria Edwards

In order to be enforced, liquidated damage must be a reasonable forecast of the potential harm to the non-breaching party.

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The tenant has appealed a Judgment for Possession. Now what?

The tenant has appealed a Judgment for Possession. Now what?

Dec 28, 2016 | Douglas K. Marsico, Esq.

When a tenant files an appeal to the Court of Common Pleas, it is time to hire an attorney.

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Great intent, bad execution

Great intent, bad execution

Dec 21, 2016 | James L. Goldsmith, Esq.

When you encounter a real estate transaction that is off the well-worn path, beware.

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Commitment Issues

Commitment Issues

Dec 20, 2016 | Desiree Brougher, Esq.

On Jan. 1, a new Standard Agreement for the Sale of Real Estate will be published with a noticeably different paragraph 8.

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Best of the hotline: December 2016

Best of the hotline: December 2016

Dec 16, 2016 | James L. Goldsmith, Esq.

More and more hotline callers are reporting sellers who are experiencing difficulties with their purchases are simply staying put until it is convenient for them to move.

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Hands off, Buster! The CD is all mine

Hands off, Buster! The CD is all mine

Nov 28, 2016 | Brett Woodburn, Esq.

In regards to CDs, what options are available to you, as the buyer’s agent, and the title company who wants to keep you happy?

Read More | 6 Comments