Day: December 30, 2021

Solar Panels

Solar Panel Purchase/Lease Plans and How They’re Handled at Closing     The existence of solar panels will probably not be found in a title search because solar panel agreements are not recorded at the courthouse.  Solar panels very definitely should be addressed in the transaction because the after-effects of not doing so may become unpleasant …

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Tenant Estoppel

What is a Tenant Estoppel?     A “tenant estoppel” is a document signed by an existing tenant in which the tenant acknowledges certain things about the status of the lease and the landlord-tenant relationship.  It is significant because a purchaser of the property will step into the seller’s shoes and will inherit the seller’s landlord …

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Electronic Signatures

Are Electronic Signatures Binding?    First, let me explain the controlling law.  A version the Uniform Electronic Transactions Act was adopted in South Carolina several years ago and appears as SC Code §26-6-10 et seq.  This Act governs electronic signatures, which are defined in the Act as “an electronic sound, symbol or process attached to …

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Allowable v. Non-Allowable Costs

What Are FHA/VA Allowable v. Non-Allowable Costs?    “Allowable” and “non-allowable” are terms unique to FHA and VA loans (also USDA, but we don’t see many of those).  An “allowable” cost in a VA loan is a cost the veteran is allowed to pay, whereas a “non-allowable cost” cannot be paid by the veteran, but …

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Tax Sale Deed

What is a Tax Sale Deed?   A “tax deed” is issued by the Delinquent Tax Office – it is not a warranty deed and title is not deemed to be either “marketable” or “insurable.”  You own the property subject to any imperfectionsin the tax sale process.  The tax sale process is rigidly specific and, …

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