If you’re doing business as a member or principal of an LLC, make sure when you’re executing business documents that you sign in that capacity. For example, the signature line should read:

XYZ, LLC

BY: ____(signature)____
Printed Name
Title: (member, manager, etc.)

This may help avoid (although it’s only one small factor) the imposition of personal liability.

Here’s some basics for those considering purchasing residential real estate:

  • Know what you can afford – contact a lender (bank) or broker to see what financing that is available – be sure to obtain a document called the “Good Faith Estimate.” This must list ALL of the costs involved with obtaining the financing, and remain consistent through to closing.  This is very important.  Make sure to give it to your lawyer so he or she can make sure that, at closing, you’re not being charged anything other than what you agreed to
  • When using a real estate agent/broker, choose one of the many out there that you are comfortable with, and with whom are confident that he or she will represent your best interests
  • When you find something that works for you, you’ll put in an offer
  • In most cases, you’ll sign a “Binder” (which will require an initial deposit), and will set the date for you to have an inspection
  • At this point, you should contact your lawyer (your real estate agent generally also puts a call in)
  • The Seller’s lawyer (in Fairfield County) prepares formal proposed contracts and sends them to your (Buyer’s) attorney
  • Your lawyer will review the proposed contract and schedule a meeting with you to discuss the proposed terms, modify them to your liking and to protect you, and very importantly, address the concerns that were raised by your inspection
  • Once the contract is finalized, you will work with your broker/lender to provide them with the information necessary to obtain a firm “Committment Letter.”  There are some significances to obtaining this financing, and your lawyer will explain it to you
  • Your lawyer will also order a title search to make sure the property that you are purchasing has (or will have) clear title (i.e., no unreleased mortgages)
  • Finally, there is the closing – you will meet with your lawyer to execute all legally necessary documents, as well as those required by the lender – he/she will also explain the terms of each document to you, as well as all of the disbursements made on your, and the seller’s, behalf.

We realize that the purchase of one’s home is a very significant time in one’s life, so we do our best to make a client feel as comfortable as possible.

Real Estate Attorney – Jeremy Hayden

A recent Gallup poll found that 40 percent of Americans support marriage for same-sex couples. However, the poll found that 55 percent of Democrats and 59 percent of 18- to 29-year olds think same-sex couples should be permitted to marry. To read the rest of this article please visit www.victoriaferrara.com.

This issue popped up today once again – if you’re a tenant, make sure you have functional smoke detectors in your home for your safety. Connecticut law is very clear – a landlord MUST provide functional smoke detectors (and a tenant has substantial recourse if a landlord fails to do so).

Connecticut Landlord-Tenant Note: If you’re a tenant whose lease has expired and you have moved out, and you’ve provided the landlord with your forwarding address in writing, he is required to refund your deposit (plus interest) within 30 days or you may be entitled to double your security.

Posted by Attorney Jeremy Hayden

Be sure when you’re purchasing real estate, or refinancing, to note and save any documents from your mortgage broker or lender regarding terms and fees that they originally promise (i.e., your Good Faith Estimate). This will protect you against any “bait and switch” tactics, or the inclusion of any additional fees, that some may try to sneak by you at closing.

Posted by Attorney Jeremy Hayden

I’ve had this issue come up several times recently so a brief comment may be helpful.  When transferring an interest in real property (i.e., into LLCs for liability purposes, or for family and estate planning purposes), be wary of taking the quick and easy solution of conveying by quit claim.  Be sure to review your title policy, or speak with your title company to make that the transferee will be covered under the owner’s policy.

Posted by Fairfield Real Estate Attorney Jeremy Hayden

For those of you that may have obtained a civil money judgment (whether after a determination of your case on the merits or after an entry of judgment after default), you may have options to pursue the money to which you are entitled.

After providing the judgment debtor (the individual or entity against whom you’ve obtained the judgment) with proper notice, and after the required time passes, there are three primary methods people use to pursue the money that they’re owed:

(1)    Bank Execution: The clerk will sign the execution (which can be filled out on the CT judicial branch website at http://www.jud2.ct.gov/webforms/) and return it to you.  You will then need to get it in the hands of a state marshal who will go to various banks in the area to see if the debtor has any accounts with any non-exempt funds against which your judgment can be satisfied.  Some marshals try more banks than others, so you may want to ask before deciding on one.  Also note that the marshal is entitled to a statutory percentage for his services.

(2)    Personal Property Execution: This is similar (at least procedurally) to a bank execution, except that the marshal will try to find the debtor’s non-exempt personal assets (as opposed to money) that can be used to satisfy your judgment.

(3)    Wage Execution: Finally, you can apply with the clerk for a wage execution.  Once signed, the marshal serves it on the debtor’s employer ordering the employer to make payments directly to the debtor or debtor’s representative.  The amount withheld will be based on a statutory computation determined when the execution is served.

It’s important to note that if the marshal returns any of the above wholly or partially unsatisfied, you still have the other options available.  Just know that the clerk will not issue an execution while one is outstanding.  Finally, this list is not exhaustive, and depending on your situation, other options may be available.

Posted by Fairfield LawyerJeremy Hayden

Thanks for taking the time to review our new blog.  My goal is provide weekly updates discussing firm news, local events, legal developments, and helpful hints in specific areas of the law.

I’d like to start with some highlights on our recent case developments:

Within the past couple of weeks, we have successfully settled the following personal injury claims:

  • $75,000 for injuries sustained in a slip and fall incident at rehabilitation facility
  • $28,000.00 for soft tissue damage caused by a negligent driver in a car accident
  • $98,000.00 for a plaintiff diagnosed with fibromyalgia caused by a cement truck hitting a parked car at a speed of 5 mph

In a commercial collections matter involving a breach of contract for unpaid telecommunications equipment charges, Attorney Hayden recently commenced an action by serving a Danish company using the Hague Convention’s Rules on Jurisdiction and Foreign Judgments in Civil and Commercial Matters.

Finally, Attorney Gallagher and Leslie Bradshaw are drafting an appellate brief for an issue of first impression regarding the legality of pre-birth orders for non-genetic, intended parents.

Thanks for reading, and please check back periodically for updates.

Posted by Jeremy Hayden

Welcome to our new legal blog. The Law Firm of Victoria T. Ferrara is always looking for ways to help communities and individuals in Connecticut. We feel this blog will help accomplish that by providing useful information on Connecticut law, updates on community events, new and changing reproduction technology and GLBT matters.

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