Top Portland, ME Residential Real Estate Lawyers Near You
90 Bridge Street, Suite 100, Westbrook, ME 04092
477 Congress Street, 5th Floor, Portland, ME 04101
One Monument Square, Suite 600, Portland, ME 04101
Two Monument Square, Suite 704, Portland, ME 04101
121 Main Street, Yarmouth, ME 04096
74 Beach St, Saco, ME 04072
511 Congress St., Ste 801, Portland, ME 04101
53 Exchange St, Portland, ME 04101
2 Monument Square, Suite 400, Portland, ME 04101
477 Congress St., Suite 1104, Portland, ME 04101
10 Free St, Portland, ME 04112
7 Ocean St., PO Box 2412, South Portland, ME 04116
136 Commercial Street, Fourth Floor, Portland, ME 04101
100 Middle Street, PO Box 9729, Portland, ME 04104-5029
One Canal Plaza, Portland, ME 04101
144 Main Street, Saco, ME 04072
84 Marginal Way, Suite 600, Portland, ME 04101-2480
One Monument Way, Portland, ME 04101
100 Middle Street, Portland, ME 04101
477 Congress St, Portland, ME 04101
361 US Route One, Falmouth, ME 04105
23 Centre St, Bath, ME 04530
One Portland Square, Portland, ME 04112-0586
57 Exchange St., Portland, ME 04101
3 Canal Plaza, PO Box 15060, Portland, ME 04112
Portland Residential Real Estate Information
Lead Counsel Verified Attorneys in Portland
Lead Counsel independently verifies Residential Real Estate attorneys in Portland and checks their standing with Maine bar associations.
Our Verification Process and Criteria
Ample Experience
Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
Good Standing
Be in good standing with their bar associations and maintain a clean disciplinary record.
Annual Review
Submit to an annual review to retain their Lead Counsel Verified status.
Client Commitment
Pledge to follow the highest quality client service and ethical standards.
What Does Contingent Mean in Real Estate?
In a real estate transaction like the sale of a house, a “contingency” clause in the contract acts as a way to cancel the contract if a certain event were to happen. For instance, if you make an offer and the seller accepts it, you may negotiate a contingency that accounts for a poor housing inspection allowing you to back out of the deal. If you need to sell your home as well, you could negotiate a contingency that allows you to back out of buying the new home if you can’t sell your current one.
What Is a Short Sale?
A short sale is when the seller is selling the property for less than is owed on the mortgage. This could be a bank that repossessed the home in a foreclosure. In this case, the bank would sell the house, essentially hoping to get someone to buy the house, and the bank will forgive the difference that remains on the original mortgage. A short sale often presents a good opportunity to the right buyer who needs to save a bit of money.
Do I Need a Real Estate Lawyer or a Real Estate Broker?
A broker (also known as an agent or realtor) represents people in the home buying or selling process. But they may not be as experienced when it comes to contract negotiations as a real estate lawyer. While you may not need a real estate lawyer for your home sale, they can help you deal with any unexpected roadblocks to the sale process. Some states also require a real estate attorney for any contract signings. If you are unsure, you could schedule a consultation.