Resources

Why You Should Get Title Insurance for Your Home Purchase

As an attorney, it’s concerning when a home buyer has been told that title insurance isn’t necessary, as a home is usually a person’s largest investment. For a minimal, one-time fee (usually 0.5% of the purchase price) a buyer has protection for the term of their homeownership. The following are three reasons why you should […]

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Basic Property Tax Information for Louisiana Homeowners

Real property, which is land, buildings and other permanently attached improvements, are subject to a property tax in Louisiana. Property taxes are levied by the political subdivision where the property is located (also known as the “taxing authority”).  There can be more than one taxing authority within a jurisdictional boundary.  For example, if you live […]

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Property Owner Questions: Who is Responsible for Damage Caused by Fallen Trees?

Are you a property owner and wondering if you might be responsible for any damage caused to a neighbor’s property if one of your trees falls during a hurricane? Living in a state like Louisiana that is prone to severe storms, we are no stranger to strong winds that often topple trees. But the answer […]

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How to Avoid First-Time Homebuyer Mistakes

Tired of renting and ready to take the plunge into homeownership? Congratulations! Before you run out of the door to look at houses that strike your fancy, there are some issues to consider: 1. Find out how much you can afford Many first-time homebuyers fall in love with a home before they know how much they can […]

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Basic Mineral Law in Louisiana

Property owners in Louisiana need to have a basic understanding of their mineral rights. The Louisiana Mineral Code governs minerals in Louisiana (Title 31 of Louisiana Revised Statues).  What is a mineral? Minerals include oil and gas, gravel, soil itself, sulfur, underground water, and “other substances occurring naturally in or as a part of the […]

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Seller Refunds

Sold your house?  Don’t forget these refunds that may be available to you:  Escrow refund If you had a mortgage on your home and you escrowed your property taxes and homeowners’ insurance, you are entitled to any overage amounts left in your escrow account. If you do not receive your overage between 30-45 days from the sale […]

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The Property Disclosure Exemption Form after Valobra v. Nelson

Those in the real estate business will notice that the Louisiana Real Estate Commission has given a makeover to the Property Disclosure Exemption form (PDD) that a Seller must complete.  These changes are in response to a case now on its way to the Louisiana Supreme court: Valobra v. Nelson[1].  The property at issue was […]

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How Can I Pay Off My Mortgage Earlier?

Pay extra each month The most obvious answer is to take whatever leftover money you have at the end of the month and make an additional principal payment. Attacking the principal with extra monthly payments not only will reduce the amount you owe, but it significantly lowers the amount of interest that you pay over […]

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1031 / Tax Deferred / Tax Free Exchange

Generally, when you sell real estate held for investment or business use, you have to pay tax on the gain from the sale of your property of the Internal Revenue Code allows you to defer paying capital gains taxes. A 1031 Exchange is not a tax loophole. It is a code section written by Congress specifically […]

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