The COVID-19 crisis and accompanying stock market crash have many purchasers wondering whether there is a legal argument that would allow them to change the terms of their ratified contract or void it altogether, absent an addendum to the contract addressing the pandemic. If such an argument exists, … [Read more...] about COVID and Contract Defense: Can the Pandemic Excuse Performance of a Real Estate Contract?
The Definition of Marketability and Insurability (…and It’s Embarrassing!)
Here in the real estate world we often hear the terms “marketability” and “insurability” of title. And many of us do not understand the precise meaning of these words. That may just be because the meaning is not precise at all. Marketability The Virginia court defined the meaning of … [Read more...] about The Definition of Marketability and Insurability (…and It’s Embarrassing!)