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by ME&W | Nov 29, 2017 | Goldsmith, James L, Industry News, Real Estate & Land Use
By Jim Goldsmith, Esq. Terminating an agreement of sale falls into one of three categories: 1) termination based on law; 2) termination based on a contractual right; and 3) termination unsupported by law or contract. Most terminations are based on a contractual right to do so and most of those fall into rights granted under the mortgage contingency clause or the inspection contingencies. The document that is used to exercise a right of termination granted... by ME&W | Nov 28, 2017 | Goldsmith, James L, Industry News, Real Estate & Land Use
Home Inspection Contingency Periods By James L. Goldsmith, Esq. The buyers entered an agreement to purchase a property with an external insulation finish system known as Dryvit. Upon inspection of the Dryvit, the report noted a few areas that were suspect for some moisture infiltration. The buyers decided to submit a corrective proposal asking the sellers to engage a specialist to conduct a “further evaluation” of the Dryvit and to undertake any “necessary repairs.” After... by ME&W | Nov 26, 2017 | Goldsmith, James L, Industry News, Real Estate & Land Use
By Jim Goldsmith, Esq. I was helping an old friend of mine son and daughter-in-law with their home purchase. The house that most caught their fancy, and the one they eventually purchased, was a flip. Now, I have a lot to say about flipped houses, primarily based upon the volume of litigation that I have handled arising from the purchase of flipped homes. For purposes of this story, let me just say that I was... by ME&W | Nov 24, 2017 | Goldsmith, James L, Industry News, Real Estate & Land Use
By Jim Goldsmith, Esq. In those good ole days of real estate transactions, offers were also accompanied by deposit checks. There was no place on the standard agreement to accommodate today’s practice of transmitting deposits “within ___ days (5 if not specified) from execution.” It is evident from the many inquiries on this topic, that today’s practice leaves sellers vulnerable, for at least those first days. To protect sellers, the realtor practice of accepting offers,... by ME&W | May 22, 2017 | Latest News
The law firm of Mette, Evans & Woodside is pleased to announce that Attorney James L. Goldsmith has joined the practice. Mr. Goldsmith has been practicing law continuously since 1978 and focuses his law practice in two major areas. He now primarily represents professionals charged with negligence or seeking to defend their licenses before the Bureau of Professional and Occupational Affairs. He also provides legal expertise to professional trade associations such as the Pennsylvania State... 