by Bloomgren Hanson Legal | Nov 6, 2012 | Ask the Attorney, Estate Planning, Real Estate, Trusts and Probate
My husband and I own some hunting land up north Minnesota as joint tenants. After his passing, I became the sole owner. I am thinking about adding my sons to the deed so we would all be joint tenants. I heard this will avoid probate when I die. Is a joint tenancy a...
by Bloomgren Hanson Legal | Nov 22, 2011 | Contract for Deed, Real Estate, Small Business
One of the recent searches that led to the Bloomgren Hanson website asked the question, “Can I purchase a business using a contract for deed?” The searcher didn’t find their answer here (until now). The simple answer to the question is no, but that...
by Bloomgren Hanson Legal | Oct 10, 2011 | Contract for Deed, Real Estate
A contract for deed is a form of seller financing where the seller sells real property in exchange for installment payments over time. In Minnesota, contract for deed transactions are governed by a statutory framework transferring all but an equitable interest in...
by Bloomgren Hanson Legal | Jun 6, 2011 | Homeowners' Associations, Real Estate
In law school they teach students to think of property ownership as a “bundle of sticks.” A weird metaphor, but one that makes sense after a bit of thought. When pioneers “staked a claim” to land, in theory they claimed all of the land between their stakes from the...
by Bloomgren Hanson Legal | Apr 28, 2011 | Contract for Deed, Real Estate
Folks regularly think they want to enter into a “rent to own” agreement when what they are more appropriately looking for is a contract for deed. A rent to own agreement is basically a lease where the payments are applied to a reduction in purchase price...
by Bloomgren Hanson Legal | Feb 11, 2011 | Contract for Deed, Real Estate
In the current hey day of tightened lending standards, parties to real estate transactions are becoming increasingly clever in trying to close real estate transactions. More often I am working with sellers who are being asked to and who are also willing to back a...
