What is Lis Pendes in Missouri?
“Lis pendens” is a Latin phrase that translates to “lawsuit pending.” In Missouri, a lis pendens is a legal notice filed with the county to notify the public – including any potential buyers – that a property has a pending lawsuit against it. If a new buyer purchases the property anyway, the buyer will...
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What must a seller disclose about property defects?
According to Statista, in 2021, there were about 6.9 million home sales in the U.S., comprising 6.1 million existing homes. There are several complex procedures involved in selling or purchasing a home. In order to increase the property value, many home sellers often upgrade or renovate the property. Nonetheless, sellers still have an obligation...
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What can I do about house defects after a sale?
Home sales remain strong in Missouri despite the rise in interest rates as the Federal Reserve fights nationwide inflation. According to statistics compiled by the real estate website Redfin, homes sold in the state in August 2022 totaled 10,854. Overall, home sales in 2022 are besting last year by an average of 21.2 percent....
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