Virginia Real Estate Investments: Protecting your property through an LLC | Ryan C. Young | Richmond, Virginia Attorney

Ryan C. Young, Esq.
Virginia Real Estate Investments: Protecting your property through an LLC | Ryan C. Young | Richmond, Virginia Attorney
  Placing your real estate investment into an LLC in Virginia. Let’s face it, we live in an extremely litigious society. The cost of litigation, and/or fulfilling a judgment, can devastate someone who holds real estate investments. It is important to ensure that your investment properties will be safe in the event that you are personally sued. My recommended tactic... Read More

What happens if a co-owner (co-tenant) of real estate is ousted or excluded from the property?

Ryan C. Young, Esq.
What happens if a co-owner (co-tenant) of real estate is ousted or excluded from the property?
  As a general rule, each joint tenant, tenant in common, or coparcener (joint heir) has the right to possess the whole, regardless of the percentage that they own. For the purposes of this article, I will use the term “co-tenants”. Under established Virginia law, one co-tenant may oust the others. When this occurs, the ousted co-tenants may recover the... Read More

Virginia Real Estate: Representations and Warranties of the Seller | Ryan C. Young | Real Estate Law | Richmond, Virginia Attorney

Ryan C. Young, Esq.
Virginia Real Estate: Representations and Warranties of the Seller | Ryan C. Young | Real Estate Law | Richmond, Virginia Attorney
Virginia Law: What are the Seller’s legal duties to disclose a defect with real estate? I am often asked whether a seller has a duty to disclose defects with real estate. In many of these instances, the buyer has purchased real estate and later found that there are defects with the property. The buyer is seeking legal counsel because they feel... Read More

Virginia Real Estate: Do I need an attorney to help with my real estate closing?

Ryan C. Young, Esq.
Virginia Real Estate: Do I need an attorney to help with my real estate closing?
Every state is different when it comes to settlement agents and the various roles parties play in the settlement of real estate. In Virginia, settlements are usually conducted by a non-attorney settlement agency. However, you certainly have the right to hire an attorney as you enter the closing. Depending on the part of the state you reside in, it may... Read More

What is a title search and why do I need one?

Ryan C. Young, Esq.
What is a title search and why do I need one?
This article applies to sales of both commercial and residential real estate in Virginia. What is a title search and why do I need one? Often times, purchasers of real estate question why they need to pay for a title search. They often wonder why a title search is necessary. After all, the seller seems responsible and honest, right? If... Read More

Partition of Real Property in Virginia (co-owners in dispute) | Ryan C. Young | Real Estate Law | Richmond, Virginia Attorney

Ryan C. Young, Esq.
Partition of Real Property in Virginia (co-owners in dispute) | Ryan C. Young | Real Estate Law | Richmond, Virginia Attorney
Real Estate Dispute: What happens if co-owners of real property disagree? | Partition of Real Estate Sometimes co-owners of real property disagree as to what should become of the property. In other instances family members inherit a house or property as co-owners and a dispute ensues. This can become particularly troublesome for the owners, who usually just want to part... Read More