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Bill Tucker
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TUCKER’S TIP: SPECIFIC POWER OF ATTORNEY OBSERVATIONS

Specific Powers of Attorney can be a useful legal tool for many clients buying and selling real estate. Some pointers about using Specific Powers of Attorney for real estate transactions are as follows: Most lenders prohibit Settlement Attorneys and/or other related parties (e.g., realtors) from serving as POAs: plan accordingly. The contract should name the Read More

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Specific Power of Attorney Observations for Real Estate Transactions

Specific Powers of Attorney can be a useful legal tool for many clients buying and selling real estate. Some pointers about using Specific Powers of Attorney for real estate transactions are as follows: Most lenders prohibit Settlement Attorneys and/or other related parties (e.g., realtors) from serving as POAs: plan accordingly. The contract should name the Read More

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No HOA – Double Check │ Attorney William D. Tucker, III

Tip 16-2016: NO HOA – Double Check! The VAR Contract, in Paragraph 23, “The Property Owners Association Disclosure”, indicates whether or not the property being purchased is within a Home Owners Association (HOA). However, just because the “Is Not Located” box is checked does not necessarily mean the property is free from a set of Read More

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William D. Tucker, III │Charlottesville Clerk’s Office Closed

Tucker’s Tips  Tip 11-2016:  Charlottesville Clerk’s Office Closed Thomas Jefferson’s birthday this year is on Wednesday, April 13th, 2016, and the Charlottesville City Clerk’s Office is closed that day. However, not ALL the local Clerk’s Offices are closed. The Albemarle, Fluvanna, Louisa and Greene County Clerk’s Offices will be open and available for recording on Read More

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William D. Tucker, III │The TRID Experience

Tucker’s Tips   Tip 8-2016:  The TRID Experience – With the new TRID laws in place for over four months, Tucker’s Tips has made the following observations about how TRID is affecting settlements:  1.  Closings are taking about a week longer than before TRID. (This experience is apparently not just in our area. They are taking Read More

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William D. Tucker, III │Sharing Information Can Make TRID Easier

Tucker’s Tips   Tip 7-2016:  Sharing Information Can Make TRID Easier –  Navigating a closing with the new TRID laws can prove difficult, especially when completing the CD which requires more information than the HUD and/or GFE. Tucker’s Tips has found that including certain information in the Contract can help make the closing process under TRID Read More

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William D. Tucker, III │Real Estate Closings & Winter Weather

Inclement weather causes delays in more than one way. Bad weather can cause Clerk’s Offices and other government agencies to close and as a result general delays in settlements.  But now it can also cause delays regarding the 3-day requirements for CDs to be delivered to the purchaser.  Due to weather, settlement agents and attorneys Read More

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Termination of Real Estate Contract | Tucker Griffin Barnes P.C. Blog

It is common knowledge in the real estate community that a buyer has three days after the receipt of an HOA disclosure packet to review the documents. Within the three days, the buyer can decide if they want to terminate the contract due to the information contained in the HOA packet.  A few months ago, Read More

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A Nonconforming Building vs. an Illegal Building

There are a few exceptions to zoning that can help clear up issues with nonconforming buildings or structures. For example, what do you do if the survey shows that a house is built too close to the locality’s building setback lines?  Virginia Code Section §15.2-2307 provides that if a local government has issued a building Read More

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Don’t Let The Bank Delay Your Residential Closing

Due to recent updates in wire transfer guidelines, several major banks will not allow a client to wire funds out of their account to their Settlement Attorney unless the client goes to a local branch in person.  A number of clients have bank accounts in institutions that are out of state, like US Bank or Read More

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