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Click on a question below for more information:
Buying a home is one of the most important and
expensive purchases that you will ever make. Which is why it is just as
important to have an experienced attorney, as it is to have a
knowledgeable realtor and mortgage lender. To ensure your transaction goes
smoothly Young, Malmberg and Howard can help by preparing and/or reviewing the
sales contract to make sure you address all of the issues and questions
about the property before settlement. We will search the title for you as
well as resolve any title problems for you and certify to you that you are
getting a good title. We will take care of the actual settlement for you,
which includes a deed that is a valid record of the transfer of property
from the seller to you, that it has been recorded and indexed properly
with the appropriate agencies as well meeting all of your lender's
requirements. Please contact us if you are thinking about buying a new
home. We look forward to providing you with excellent and friendly service
at a reasonable price.
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What is Title Insurance?
Most mortgage companies will require you to
purchase title insurance to protect their mortgage if you are buying or
refinancing a home, and most people don't know what it is or why it is
needed.
The most important thing an attorney does is the
title search because it is a search of public records to determine if the
seller has a good title, does he/she own 100% of the property with no
liens or other claims. By purchasing title insurance you are guaranteeing
to the mortgage company that the seller is giving you a good title. This
title insurance covers any problem that the attorney may not have found by
researching public records, as well as protecting you. The cost is
relatively inexpensive and is good as long as you own the home.
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Why should I refinance
my home right now, and how much will it cost me?
When mortgage rates are lower than in previous
years a homeowner can save a significant amount of money a year by
refinancing. Just how much depends on your current rate and the current
market rate as well as the amount of your mortgage and the term left on
it. A homeowner can save by, keeping the same payment amount and reducing
the length of the mortgage, or reduce the monthly payment amount with the
same term. These savings will more than cover the initial cost of
refinancing and very often the mortgage company will include the cost of
refinancing the new mortgage. We can often save you money by using an old
survey instead of ordering a new one or by asking the title company to
give you a reissue rate on your old policy. Please call us for an initial
consultation and we can inform you if this is the right choice for you.
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If you are in an automobile accident?
There are some things that you need to be aware
of so as to ensure that the proper medical attention is received, the
claim can be handled by the applicable insurance carrier promptly and
efficiently, and to protect your legal rights. First you should always
call the police no matter how slight the accident. Never just exchange
driver/insurance information and leave the scene without having the proper
law enforcement agency investigate the accident. Second, of course severe
injuries are obvious, less severe injuries may not become apparent for
some time after the accident. So when questioned about injuries at the
scene do not state that you are not injured unless you are absolutely
certain that is the case. Some injuries often take hours or days to become
symptomatic. Even minor aches and pains can often become symptomatic over
time. Third, do not refuse medical attention if you think you may be
injured. It is better to have an injury medically diagnosed as soon as
possible as well as have the injury documented. Fourth, write down
narrative statement about the accident so that you can refresh your memory
later. Keep a diary on how you are feeling each day and the effects of
your injuries upon your normal activities, your state of mind and your
medical treatment progress. Take photos of your injuries and of both
vehicles if possible. Then contact an attorney who practices in the area
of automobile personal injury. The contexts of these statements do not
constitute "legal advice" nor establish legal representation.
Visitors to this website who have specific legal questions should contact
one of our attorneys today.
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Every registered Delaware motor vehicle is
required to carry personal injury protection insurance, which is "no
fault" in nature. Under the law, registered motor vehicle are only
required to carry 15/30 liability coverage (this equates to $15,000 per
individual up to a maximum of $30,000 per accident), and 15/30 of Personal
Injury Protection (PIP) coverage. Uninsured and underinsured motorist
coverage must be offered at the time a insurance policy is purchased or at
such time as changes to the policy occur, but it isn't mandatory. In most
instances, these levels of coverage are insufficient to protect the client
from any liability claims asserted by third persons and to protect the
client from the costs of being injured or from other drivers who are
uninsured or underinsured. So how much is enough? You need well in excess
of the current minimum that Delaware requires. In many instances 15/30 is
simply not enough to compensate an injured person and without additional
coverage you run the risk of personal liability for the amount of the
judgment in excess of your liability coverage. Our recommendation to
clients is that they have at least 100/300 of liability, PIP, and
uninsured/underinsured coverage. There is no doubt that insurance is
expensive but, it is unfortunate to see a person who is catastrophically
injured through negligence of others without adequate sources of
insurance.
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Young, Malmberg and Howard, P.A.