Pending sale: The buyer’s due diligence period
Hornsby Watts Law Blog
by alecsa.geronimo@thomsonreuters.com
1w ago
After several weeks of discussion with a property seller, you have now signed the contract to buy a house. Congratulations, you are one step closer to owning your dream home! You probably felt excited when the seller marked the property with a “pending sale” sign. But your work as a new homeowner does not end here. What does “pending sale” mean? When a property has a “pending sale” status, the seller has accepted a buyer’s offer and signed the contract. The seller can no longer market the property at this point, and no other prospective buyers can offer their bids. A “pending sale” status usua ..read more
Visit website
Beware of drunk gamblers in casinos
Hornsby Watts Law Blog
by ysabel.carlos@thomsonreuters.com
1M ago
Casinos invite you to unwind and take a shot at winning big. Its vibrant environment welcomes the consumption of alcohol, designed to enhance the experience and entice patrons like you to keep playing. But overindulgence can put you and others at risk. You could encounter a drunk driver in the parking lot or an aggressive gambler during a game. If you sustain injuries on casino premises because of another person’s carelessness, you may have grounds to pursue a claim and recover compensation. Casinos profit when players make poor choices There is a popular saying that goes, “The house always wi ..read more
Visit website
Title issues can delay real estate closing
Hornsby Watts Law Blog
by ysabel.carlos@thomsonreuters.com
1M ago
At the closing stage, the last thing you want is a delay. Unexpected title issues can slow things down and cause unnecessary stress. Understanding the significance of a title search and the impact of any unresolved issues may help you approach the problems that crop up more effectively. How title issues can delay closing A real estate title identifies and verifies who can legally use, possess, transfer and enjoy a piece of property. You need a clear title to guarantee that no one else has a claim over your new investment. The title search can reveal several issues right before you seal the dea ..read more
Visit website
Are bar owners responsible for your bar fight injuries?
Hornsby Watts Law Blog
by ysabel.carlos@thomsonreuters.com
2M ago
Unpredictable crowds, alcohol and cramped spaces can be a dangerous mix. A fun night out with friends can escalate into chaos, leaving you with serious injuries from a sudden bar fight. Even as an innocent bystander, you deserve compensation for the physical pain, emotional distress and financial burden you endured. The question is, who do you hold liable? Bar owners have a responsibility to ensure your safety Under the theory of premises liability, property owners such as bar owners owe the highest duty of care to their visitors. They must prevent foreseeable harm to their patrons by maintain ..read more
Visit website
Repeat DUI offenses in Mississippi and the escalating consequences
Hornsby Watts Law Blog
by lyle.adriano@thomsonreuters.com
2M ago
When it comes to driving under the influence (DUI), Mississippi law does not tread lightly, especially with repeat offenders. The penalties for DUI convictions become significantly more severe with each later offense. First offense vs. repeat offenses A first-time DUI in Mississippi is a misdemeanor, with penalties that may include up to 48 hours in jail, fines ranging from $250 to $1,000, and a 90-day driver’s license suspension. The law takes a harsher stance on a second DUI offense within five years. It’s still classified as a misdemeanor, but the penalties jump to five days to one year in ..read more
Visit website
3 times a business may be liable for a drunk driving crash
Hornsby Watts Law Blog
by gturnercontentcustoms
3M ago
It is against the law to operate a motor vehicle with an elevated blood alcohol concentration (BAC). It is also illegal to drive when someone knows that what they had to drink has affected their driving ability. Despite these laws, drunk drivers are a constant threat on the Missouri roads. They cause collisions that leave other people hurt or kill people. Missouri prosecutors often bring charges against those who drive after drinking, especially if their actions cause provable harm to others. Drunk drivers may also have personal financial liability if they cause a crash. Those trying to rebuil ..read more
Visit website
5 holiday hazards homeowners should watch out for
Hornsby Watts Law Blog
by ysabel.carlos@thomsonreuters.com
3M ago
A home decked with bright lights and cheery ornaments can get anyone into the holiday mood. But accidents also tend to spike this time of year. As you prepare to deck the halls, being mindful of safety risks can help ensure celebrations stay bright and merry. While keeping a festive spirit is good, be aware that the risk of accidents increases the more visitors you expect. If anyone gets into an accident on your property, they could hold you liable for resulting injuries or expenses. To avoid this, here are some common hazards to look out for: 1.      Cluttered pa ..read more
Visit website
What happens when sellers miss the closing date?
Hornsby Watts Law Blog
by rizzyleigh.mallari@thomsonreuters.com
3M ago
There may be times when a seller needs a little more time to finalize the closing of a property sale. In such instances, the buyer might offer flexibility and grant an extension. This is especially true if the reasons for the delay are valid. However, both parties must agree on such an extension. The seller must also clearly state that the delay is due to reasonable circumstances. Otherwise, they could face a suit due to breach of contract. Risks to missing the deadline The closing date is an important milestone. In a real estate transaction, it’s the day when the seller officially transfers p ..read more
Visit website
Why closing procedures matter in real estate transactions
Hornsby Watts Law Blog
by annamae.catalan@thomsonreuters.com
4M ago
In any residential real estate transaction, the closing process is a crucial stage that requires the full attention of a buyer. Whether you are an experienced investor, or a homeowner involved in a substantial property deal, you must be able to understand its nuances for a seamless transition of ownership. The importance of closing procedures Real estate transactions involve a series of intricate steps. The closing phase is where the culmination of these steps occurs. It is the point at which legal ownership is transferred from the seller to the buyer, encompassing the finalization of financia ..read more
Visit website
What happens if a seller doesn’t move out by the possession date?
Hornsby Watts Law Blog
by gturnercontentcustoms
5M ago
Buying residential real estate in Mississippi is a relatively slow process. First, hopeful buyers have to find the right property. Then they need to make an offer tempting enough to catch the eye of the seller. Then, there will be appraisals, inspections and sometimes even surveys that need to happen before the closing. Even after closing, there will often be weeks before a buyer get to take possession of the property. They will likely plan to move in as soon as possible and start making their new house a home. Unfortunately, sometimes, buyers show up to collect their keys or with a rental tru ..read more
Visit website

Follow Hornsby Watts Law Blog on FeedSpot

Continue with Google
Continue with Apple
OR