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Real Estate Archives

Can a Jackson resident challenge an eminent domain taking?

Property owners in Jackson may take pride in their homes and land. Some people make a living off of their land or property, for example, through farming or having a business they own on their property. A person's private land and the buildings on it may be the most valuable asset they own. However, does the government have any right to take a person's private land?

Tennessee landlords have rights when tenants abandon the premises

Renting out apartments can be a lucrative endeavor for many people in Tennessee. But, just like any other business dealing, this endeavor relies on contracts -- specifically leases. Landlords depend on their tenants to pay rent on time and to possess the premises. Sometimes, however, rent goes unpaid and the tenants cannot be found. Tennessee law addresses what rights landlords have in such situations.

House flipping may be a flop in some areas of Tennessee

"House-flipping" has been a major trend over the past few years. House-flipping is the process in which a person buys an inexpensive home, renovates it and then sells it for a substantially higher price than what they bought it for. Television shows have glamorized the process, making it seem easy and accessible to just about anyone. However, some Tennessee residents looking to "flip" their next home may find that inexpensive homes are not so easy to find these days and they are not making the money they once did on flips.

Neighbors oppose development of Tennessee green space

While oftentimes real estate growth is good for a city's economic development, sometimes issues regarding the development of property arise. Take, for example, a situation in Hendersonville, Tennessee, where some members of the community are opposed to the development of green space in their area.

How can a loan workout help homeowners and lenders?

Sometimes, through no fault of their own, financial disaster strikes a Tennessee homeowner. For example, they may have been the victim of a company-wide lay-off leaving them without a source of income, or they may have suffered a severe illness that left them with a mountain of medical debt. No matter what the reason is, however, there are times when a person in Tennessee may find that they cannot meet their monthly mortgage payments.

What duties does a landlord in Tennessee have?

Many people in Tennessee rent a home, rather than owning one. Also, sometimes it makes more financial sense for a business to rent its premises rather than purchasing a building. Moreover, renting out a house, an apartment complex or a building can be a lucrative endeavor for Tennessee landlords. However, landlords in the state do have legal duties with which they must comply.

Warehouses becoming a hot commodity in the real estate sector

These days it may seem like more and more brick-and-mortar stores in Tennessee are closing as shoppers turn to online retailers, such as Amazon, to make purchases. However, one type of real estate that has become a hot commodity exactly for this reason are warehouses.

Appraisals waived for some residential real estate borrowers

Jackson residents may be interested to hear that government mortgage lenders Freddie Mac and Fannie Mae have both issued statements that they will no longer require appraisals on some of the mortgages they back. This will save buyers who qualify for this waiver money and streamline the residential real estate closing process.

Contact us today to learn more about how we can help you resolve your legal situation.

To discuss your specific situation and to learn more about how we can help, call us at 731-300-1592 or submit an inquiry via our online contact form.

Spragins, Barnett & Cobb, PLC
312 East Lafayette
Jackson, TN 38301

Phone: 731-300-1592
Fax: 731-424-0562
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