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Real Estate Laws are some of the most ancient and complicated laws in our country. The American Real Estate Laws are mainly based on the English Common Laws, which were established by the French after their conquest of England, back in 1066 A.D. Governments can take your private property for public use under their police power, also referred to as the Eminent Domain. Federal, state, and local governments, some quasi-public agencies, and some non-governmental organizations are authorized to use eminent domain law. However, under the 5th Amendment to our Constitution, which is incorporated to the states via 14th Amendment, entitle private property owners to just compensation if their property is taken. Transfer of interests in real property and financing, including deeds and mortgages, are regulated by a series of complex laws such as: Constitutional law, contract law, family law, tort law and so on. When you wish to buy, sell or even lease real estate, contact Chosen Lawyers to make sure everything is done right.
