WHAT IS A REAL ESTATE ATTORNEY AND WHEN DO I NEED ONE?
Buying a home isn?t just a simple purchase; it?s also a legal transfer of a property from one entity to another. Because the legal side of this transaction can be …
WHO GETS TO LIVE IN THE HOUSE DURING A DIVORCE?
Typically, it?s the husband asking and he is initiating the divorce. He is worried about giving up his interest in the house, and the right to return. From a strictly …
REAL ESTATE SETTLEMENT PROCEEDURES ACT
RESPA Real Estate Settlement Procedures Act The Real Estate Settlement Procedures Act (RESPA) provides consumers with improved disclosures of settlement costs and to reduce the costs of closing by the …
RULES OF HOME AFFORDABILITY
The rules of home affordability Mortgage lenders use something called qualification ratios to determine how much they will lend to a borrower. Although each lender uses slightly different ratios, most …
WHAT IS AN FHA 203K LOAN?
Whether you?re interested in snapping up a bargain home and renovating it to meet your needs, or you have a kitchen full of outdated appliances that you?d like to replace, …
REAL ESTATE TRANSACTION RED FLAGS
REAL ESTATE TRANSACTION RED FLAGS 1. Documentation includes deletions, correction fluid, or other alteration2. Different handwriting or type styles within a document3. Buyer currently resides in subject property4. Seller is …
PROS AND CONS OF DOING AN NEW LLC FOR EVERY REAL ESTATE TRANSACTION
Pros of Using a New LLC Every Deal Ownership structure: Perhaps you are working with several different owners on a new deal. It makes sense to have a new LLC, …
MISTAKES REAL ESTATE PROPERTY MANAGEMENT COMPANIES MAKE
1. Scaling Without Systems In Place I see a lot of property managers that fail once they hit a certain scale because they don’t have systems in place. They get …
AFFIRMATIVE DEFENSES
You?ve been sued. First, you panic. Then, you think about how to defend yourself. One of the best ways to fight back when you are being sued is through affirmative …
WHAT IS AN AFFIDAVIT OF TITLE?
What is an Affidavit Of Title? An affidavit of title is a legal document provided by the seller of a piece of property that explicitly states the status of potential …