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Your Real Estate Questions, Answered!

Q: What is real estate?

A: Real estate (also called "real property") is a term for land and improvements to that land, such as buildings and infrastructure. Commercial real estate can include factories and equipment as well as other improvements. Resources such as minerals or petroleum below the ground are part of real estate. These resources or the rights to extract them can be sold individually.


Q: What is a deed?

A: A deed is a document that transfers and records ownership of a piece of real estate. The deed contains the names of the seller and buyer, a legal description of the property, and the signature of the former owner. See the Glossary for a discussion of different kinds of deed.


Q: What is a disclosure statement?

A: In some states, the seller must provide a form called a disclosure statement to the buyer. The disclosure statement details problems or other issues with the property or title. Requirements differ between jurisdictions.


Q: What are property restrictions?

A: All land is subject to federal, state, and local regulations. In addition, private restrictions can be placed on a property as a condition of sale. As an example, federal regulations govern environmental impact. State laws typically discuss access to property and procedures for changing property boundaries. Local laws cover zoning rules, and everything from historical preservation to noise levels. Private restrictions are often employed by developers who want their developments to maintain a cohesive look or feel. Developments may employ restrictive covenants to enforce everything from garage size and house design to color schemes and lawn decorations.


Q: What is joint tenancy?

A: Joint tenancy is when individuals own equal shares in a property. Often, spouses hold property as joint tenants. All joint tenants must agree to a sale, to protect each other from having their property sold without their knowledge. If a joint tenant dies, the other joint tenant inherits their share in the property.

A similar form of tenancy is called tenancy in the entirety, which gives each spouse an undivided half of the property. There is also tenancy in common, which allows unmarried partners or commercial partners to own unequal shares in a property. All of these types of ownership can become complicated, and the advice of a competent real estate attorney is essential to a real estate buyer.


Q: How do mortgages work?

A: A mortgage is a loan provided by a bank or other lender, where the collateral is real estate to be purchased using that loan. State laws often vary in their interpretation of mortgage procedure. In addition, mortgages can carry a fixed or adjustable rate of interest. Some government programs provide mortgage assistance to veterans or other qualified individuals. In addition, real estate owners can take on additional mortgages to meet financial needs. Any mortgage is open to foreclosure if the real estate owner fails to make payments.


Q: What happens in a foreclosure?

A: The exact procedure varies widely, depending on state law and the terms of the contract. Generally, real estate owners are given opportunities to avoid foreclosure by setting up a payment plan, and are allowed to stay in their home during the foreclosure process. Lenders often avoid the complications of foreclosure by offering options to assist their borrowers. However, any risk of foreclosure should be discussed with a real estate attorney in order to protect the homeowner’s interest.



New Point Law Firm, plc, is an Iowa general practice law firm with attorneys practicing in the areas including but not limited to:

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September 18, 2024
Associate Attorney New Point Law Firm, plc, is seeking an attorney, preferably with a minimum of three years’ experience. Qualifications Excellent research, writing, organization, and communication skills are required. The ideal candidate would also possess a strong work ethic, ability to exercise independent judgment, and dedication to serving their community. Iowa bar admission is required. How to apply Send a resume and a cover letter to: New Point Law Firm, plc Attn: Nicole S. Facio, HR Manager P.O. Box 847 Ames, IA 50010 or by email to: nfacio@newpointlawfirm.com All applications will be handled confidentially. New Point Law Firm is an equal opportunity employer. Posted 09/17/2024. Open until filled.
Photo of Frank Feilmeyer working as a swimming official.
August 1, 2024
Ames Cyclone Aquatics Club recognized Frank Feilmeyer for ten years of service to the nonprofit.
By flf May 22, 2024
Receives William Abraham Award
Angie Thomas and three other inductees with certificates.
By Frank Feilmeyer May 22, 2024
Inducted as a fellow
Angie Thomas at podium
November 11, 2023
Angie Thomas took office as the 51st president of the Iowa Association for Justice on November 10, 2023, at the organization's annual meeting.
July 17, 2023
Q: What is a marriage? A: A marriage is a relationship between two individuals that is usually recognized by civil authority and/or bound by the religious beliefs of the participants. Each state has varying laws that effect the responsibilities and benefits of a marriage for these individuals. Q: What is a divorce? A: A divorce, or dissolution of marriage, is the ending of a marriage prior to the death of either spouse. A divorce must be certified by a court of law as a legal action is required to dissolve the prior legal act of marriage. Each state defines the types of divorce, depending on reasons and length of time before divorce papers may be filed. Q: What is common law marriage? A: Common law marriage is a marriage that results from the actions of a couple even though they have not obtained a marriage license or fulfilled the requirements of the state’s statutory marriage laws. This means the couple has lived together for a period of time and have presented themselves as husband and wife. However, not all states recognize common law marriages. Q: What is child support? A: Child support is court-ordered funds to be paid by one parent to the custodial parent of a minor child after a divorce or separation. Q: How is child support calculated? A: Every state has child support guidelines that apply a certain percentage of the non-custodial parent’s income. Q: How can I enforce the court order when my ex-spouse is delinquent on child support payments? A: You can bring a contempt of court proceeding and ask for a wage garnishment. Unfortunately, you may not legally withhold visitation rights if you are not receiving child support. Q: What is contempt of court? A: Contempt of court is when a person willfully and deliberately violates a court order without a legally sufficient excuse. Q: What is child custody? A: Child custody is the court’s determination of which parent, relative or other adult should have physical and/or legal control and responsibility for a minor child/children (under 18 years of age). Q: What is a paternity test (DNA)? A: It is a genetic test, performed to determine if a man is the biological father of a certain child. This test is generally 99.9% accurate. Q: What are visitation rights? A: If one parent has custody, the other parent has the right to have visitation with his child on a regular basis. Others, such as grandparents, may seek legal visitation under certain circumstances. The amount of time awarded for these rights may be determined by the child’s age as well as other conditions.
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