FELONY
In real estate, a felony is a crime that is more serious than a misdemeanor.
Felonies are typically punishable by imprisonment for more than one year or by death.
In real estate, a felony conviction can have serious consequences for both buyers and sellers. For example, a seller who has been convicted of a felony may be required to disclose this information to potential buyers. This can make it more difficult to sell the property, as some buyers may be hesitant to purchase a property from someone with a criminal record.
Similarly, a buyer who has been convicted of a felony may have difficulty obtaining a mortgage or other financing for a property. This is because lenders may view a felony conviction as a sign of financial instability or irresponsibility.
If you have been convicted of a felony and are interested in buying or selling real estate, it is important to understand the potential consequences of your conviction. You may want to consult with an attorney or a real estate professional to learn more about your options.
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