Real Estate Closings by BHAA Abstract & Title

Real Estate Closings by BHAA Abstract & Title

What can I expect at a Real Estate Closing?  When purchasing a home or a piece of property, the final step of the transaction is referred to as the “closing.”  For many, the real estate closing can be a very exciting part of the purchasing process.  However, for some, the closing process can be quite overwhelming.   At BHAA Abstract & Title, LLC, we strive to make the closing experience a happy and memorable one, while also ensuring that the closing process is as seamless as possible.  At the conclusion of the closing, the Buyer will leave as the owner of the new property they acquired at closing, while the Seller will leave with the net proceeds from the sale. Whether you are the Buyer, Seller, real estate agent, or lender, try to ask your questions ahead of closing day to avert delays.   New regulations promulgated by the Consumer Financial Protection Bureau require that a Closing Disclosure form (formerly the HUD-1) be sent to the Buyer/consumer 3 days in advance of the closing.  This window of time affords the Buyer/consumer a chance to review the details of the transaction and to identify any problems or issues prior to the closing.  We always strive to move the closing along in a timely manner. How long will my closing last?   At BHAA Abstract & Title, LLC, we strive to make every closing fun and to provide a friendly atmosphere.  Typically, we will briefly explain each document being signed to ensure that all parties are comfortable with the transaction; however, we are always willing to answer any and all questions presented.   Our “purchase transactions” typically take forty-five (45) minutes to one (1) hour to complete and our “refinance transactions” typically take thirty (30) minutes to complete.   In either case, if the Buyer, Seller or Refinancer has additional questions or needs additional time to examine or discuss the documents, we are more than willing to accommodate them. What is the role of the Buyer at a Real Estate Closing?  If you are the Buyer and you are borrowing money from a lender in connection with the purchase of the property, you will not only sign the documentation necessary to make the sale a legal contract, but you will also sign documentation related to the loan contract.   This documentation is referred to as the “closing packet” and will also include a mortgage over the property you are purchasing. If you are the Buyer and you are borrowing money from a lender, lenders will require that the Buyer purchase a lender’s title insurance policy, or, at minimum, a thirty (30) year title opinion on the property being mortgaged.  When a lender’s title insurance policy is required,...

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PERSONAL INJURY: 18 Wheeler Accident

PERSONAL INJURY: 18 Wheeler Accident

Freightliners, commonly referred to as eighteen(18) wheelers, are essential to the transportation of goods around the country, and it is estimated that there are over 2 million of these large trucks operating in the United States today. As a consequence of so many large trucks operating on the country’s roads and highways, accidents involving these trucks occur every day, and those accidents may include personal injury incidents. These vehicles may weigh in excess of 60,000 pounds and when an accident does occur involving an eighteen (18) wheeler, the outcome can be catastrophic. According to the National Highway Traffic Safety Administration, there are 3,964 people killed and an estimated 95,000 injured in crashes involving large trucks each year. Unsurprisingly, seventy-one percent (71%) of the people killed in these crashes were occupants of the other vehicle(s). State and federal laws regulate the trucking industry and mandate strict limits on how long a truck driver can operate without stopping for rest and require reduced speeds in hazardous driving conditions. Sadly, many of the crashes involving a large truck are attributed to violations of these laws and/or the negligent actions or inactions by the truck driver, trucking company, manufacturer of the truck or its parts and/or any party responsible for maintenance of the truck.  If you or a loved one has been seriously injured or killed in an accident involving a large truck, you may be entitled to substantial compensation via a personal injury case. Contact an experienced attorney at Boyer, Hebert, Abels & Angelle, LLC for your free case evaluation.  For more information on our personal injury case capabilities, see our Personal Injury Lawyers page. By: Justin...

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BHAA Wins Livingston Parish Mandamus Case

BHAA Wins Livingston Parish Mandamus Case

BHAA Partners Brian Abels and Mark Boyer are victorious in a case involving Livingston Parish President Layton Ricks. Below is an excerpt from the Advocate’s story covering the case, followed by a link to read the full article and download the notice of judgement.    “Livingston Parish President Layton Ricks no longer faces a court order to pay the legal bills of two former Parish Council members sued personally for alleged defamation, according to an appeals court ruling issued Thursday. The state 1st Circuit Court of Appeal said the Parish Council had other legal options besides seeking a writ of mandamus — a court order compelling a public official to perform a legally required duty — for settling its dispute with Ricks over the legal fees. The appellate ruling reversed an October 2014 order of Judge Brenda Ricks, no relation to the parish president, of the 21st Judicial District Court in Livingston, commanding the parish president to pay the bills. Judge Ricks had ruled that the parish president could not selectively choose which Parish Council resolutions he would follow…” click here to read the full article from THE ADVOCATE   DOWNLOAD NOTICE OF...

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The right lawyer for a Car Accident Case

The right lawyer for a Car Accident Case

Most people know that when you are injured by someone else due to their negligence, you can be awarded money from the court to compensate you for your injury. This type of money award is called compensatory damages. What most people don’t know is that in certain vehicle accidents caused by a drunk or intoxicated driver, the injured victim can be awarded additional money through what is called punitive damages. Punitive damages are designed to “punish” the offender for their actions and to prevent them from committing the same act in the future. Though punitive damages are generally impermissible by Louisiana courts, Louisiana Civil Code article 2315.4 permits punitive damages to be awarded for injuries that were the result of a “wanton or reckless disregard for the rights or safety of others by a defendant whose intoxication while operating a motor vehicle was a cause in fact of the resulting injuries.” This means that when a person is injured by someone operating a motor vehicle while drunk, or otherwise intoxicated, and their intoxication was the cause of the resulting injuries, additional damages may be awarded by the...

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The Right Lawyers for your Offshore Injury Case

The Right Lawyers for your Offshore Injury Case

Louisiana’s lucrative oil and gas industry provides thousands of great jobs and the opportunity to build a successful career, but with these possibilities also comes the inherent dangers associated within the industry. Inevitably, hard working individuals in the oil and gas business get hurt – that’s where BHAA comes in. We have great lawyers on staff specializing in offshore and onshore injury cases. The injured party or his beneficiaries may qualify for State Workers’ Compensation or possibly even Federal benefits under the Longshore and Harbor Workers’ Compensation Act (LHWCA). Alternatively, based on the facts and the injured oil and gas worker’s employment history, the injury stricken individual may qualify as a Seaman under the Federal Jones Act.  This may entitle the injured party to pursue general damages directly against their employer for pain and suffering, lost wages, loss of earning capacity and other compensation.  Additionally, if the accident was caused by an employee of a different company, the injured worker may also be able to pursue a tort claim against this third-party as well as the negligent third-party’s employer. Under the theory of vicarious liability, in addition to the employee being personally liable for the injuries or death of another, if the negligent employee was acting in the course and scope of their employment at the time of the accident then their employer can also be held liable for the negligence of that employee.  It is important to understand these issues soon after an accident because it can affect your rights to benefits and other damages under the law. Whatever the case may be, you need a great lawyer specializing in offshore injury cases, as well as onshore oil and gas industry related personal injury...

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Finding a Medical Malpractice Lawyer

Finding a Medical Malpractice Lawyer

In 1975, the Louisiana Legislature enacted legislation which limited on damages for medical malpractice claims against qualified healthcare providers at $500,000, plus past and future medical expenses, and provided for the Patient’s Compensation Fund (PCF). Claims made against public and state healthcare providers are governed by the Malpractice Liability for State Services Act, while claims against private healthcare providers are governed by the Medical Malpractice Act. To be considered a “qualified” healthcare provider, the healthcare provider must pay premiums to the PCF. Under the Acts, an individual qualified healthcare provider may be liable up to $100,000 for damages resulting from their malpractice, with any remaining sum owed to the plaintiff to be paid from the PCF. While the cap on damages is set at $500,000, this cap is exclusive of past and future medical expenses and any amount exceeding the cap may be paid from the PCF. If the healthcare provider chooses not to participate in the program, then they do not enjoy the benefits of the Acts, including the cap on damages. There are time limits by which to bring a medical malpractice claim, so legal advice ought to be sought immediately upon the discovery of possible medical...

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