What are the pros and cons of entering a Land Contract?

Mark TiptonUncategorized

A Land Contract is a specialized legal agreement between a buyer and a seller of real estate.  A bank is not involved since, in effect, the seller acts as the bank for the buyer.  Typically, a down payment of several thousands of dollars is made.  Monthly installments are then to be paid for an agreed period, typically a year or more.  Then, at a … Read More

We are planning to sell our house. How much money can we save on sales commissions by handling it for sale by owner?

Mark TiptonUncategorized

In Ohio, a typical real estate agent’s sales commission is 5 – 6%.  This means that for every $100,000 of value in your real estate, you will pay $5,000 – $6,000 in real estate sales commissions.  For a $200,000 house, the cost would be $10,000 – $12,000.  Higher value homes cost even more to sell.  What would you do if … Read More

What happens with a probate estate when the debts exceed the assets?

Mark TiptonUncategorized

probate estate debt

If someone has died, and an estate is to be administered, the executor or executrix, also known as the fiduciary, is responsible for gathering the property or assets of the estate. This task requires the fiduciary to track down and list whatever property the departed owned at the time of death. These assets may include cash, bank accounts, investments, real … Read More

I just got a speeding ticket in Williams County, Ohio. What can I do?

Mark TiptonUncategorized

Speeding Ticket Lawyer Bryan, OH

As an attorney in Bryan, Ohio, I have heard this story quite often: “I was driving on the Ohio Turnpike (I-80/90) near the Indiana and Michigan border and got pulled over by the state trooper for speeding.  I want to avoid points on my driving record.  What can be done?” This is an important question as accumulating points on a … Read More