The CourthouseDirect.com Blog

What is Property Tax Proration?

When people buy and sell real estate, buyers and sellers must pay several costs before transferring the property to a new owner, called closing costs. Within these closing costs, buyers and sellers need to negotiate the proration. There ...
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Your Guide to Mineral Rights in New Mexico

Grasping at least the basics of mineral rights in the state of New Mexico is necessary for both property owners and businesses in the oil and gas industry. Since the first successful gas well in New Mexico in 1921, several major companies ...
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What is a Boundary Survey and When Would You Need One?

  • CourthouseDirect.com Team
  • 05/30/2018
  • Legal
A basic part of owning property is knowing where the boundaries are. Without clear boundaries, arguments will arise, whether it is private property, commercial property, or land for drilling and mining. When there are conflicting views ...
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Everything You Need to Know About Proof of Ownership

To own a property, you need specific real property documents to support your rights to the property. Real property includes any structures on the land, any person’s rights and interests related to the property, and natural parts of the ...
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6 Tips for Landmen Finding Public Records Online

When trying to figure out information about potential land, online resources are great. They are easier and more convenient than physical documents. Landmen who are looking to secure land for drilling need to certify various things before ...
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The Ultimate Mortgage Application Checklist

  • CourthouseDirect.com Team
  • 05/09/2018
  • Mortgage
Buying a home is a significant moment in anyone’s life. For most people, it is a financially straining purchase. Most people need to apply for a mortgage loan. Follow these steps to successfully apply for a mortgage loan for your home.
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Option Fees Vs. Earnest Money: What’s the Difference?

The real estate market can be confusing to both buyers and sellers alike. During the pre-closing routine, realtors may send several documents to both parties. One of these documents deals with option fees and earnest money. Since real ...
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When Should You Hire a Real Estate Attorney?

There are many different circumstances in which hiring a real estate attorney is advisable. A handful of states require the presence of a real estate attorney during closings. In states where a lawyer is not required, there are ...
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Fair Market Value vs. Adjusted Basis Value: What’s the Difference?

The fair market value and the adjusted base value are calculations used at different times to determine an asset’s worth. Fair market value is a general calculation to determine the value of an asset if it were to be sold. People use this ...
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Surface Rights vs. Mineral Rights in Oil and Gas

If you are considering buying a property or are currently a landowner, it’s important to understand your legal ownership level. Some sales include surface rights only, while others include surface and mineral rights to the land. Often, ...
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