Many buyers will get their pre-approval from their lender, sign contracts to purchase and then start the loan process only to find out later on that they did something they shouldn’t have that will now jeopardize whether they get the mortgage or not. Set forth below are the most common Do’s and Don’ts that you … More The Do’s and Don’ts During the Loan Process
The search for the right home doesn’t have to be limited to a home in “move in” condition. Some of the best deals on the market are those homes that are in need of major renovations either because of a foreclosure or maybe due to storm damage. This article from Forbes explains how with a … More Buy It and Fix It With One Loan.
Although both Coops and Condos appear to be similar in offering a certain lifestyle for those who don’t want the hassle of maintaining a home, there are legal and financial differences that you should be aware of as you consider a purchase of either type of property. This article from Realty Times provides a good foundation … More Coop vs Condo: What’s The Difference?
Our Federal Government knows that a community with more homeowners is more stable than one with renters. As a result, it offers the following tax incentives to those who become homeowners. Mortgage insurance is deductible but this may change (also depends on your income & loan amount) Property Taxes (typically this is several thousand dollars/year) … More What tax deductions will I have after I buy a house?
Who needs a loan officer? For those who are tech-savy, this self service mortgage platform stands to be a hit! The following article from Inman News details what will undoubtedly be a popular approach to get a mortgage. Ellie Mae is now offering mortgage lenders a consumer direct solution for its Encompass mortgage management platform … More “There’s an App for that” … Self service mortgage platform is here!
If you’re a struggling homeowner trying to save your house from foreclosure, beware the latest mortgage-relief scam: Dozens of companies have been accused of falsely promising mortgage relief—while collecting millions of dollars in illegal upfront fees, according to a report by the Los Angeles Times. The Consumer Financial Protection Bureau recently filed three lawsuits against eight firms accused … More Don’t Fall For This Mortgage-Relief Scam
A homeowners insurance policy is essential to have in place before purchasing a home. Most clients understand that this policy will insure that in the event of a fire, the expense for repair or replacement will be covered by the insurance company. Your personal belongings also fall under most policies, along with property damage and bodily … More What’s really covered under your homeowners insurance policy?
Many clients will call me and request an appointment to transfer the deed to their home to their children as they begin to worry about medical issues that may end up depleting the value of their home if it remains in their names. Others just want to transfer the home now so as to avoid … More Should I Transfer My Home to My Children?
How do you legally evict a roommate? While the answer depends on your specific situation, there are some general principles to keep in mind. Although getting a roommate can be a great way to share the costs of renting a house or apartment, sometimes things just don’t work out. But similar to when a landlord … More Evicting a Roommate.
The bottom line is this: The property manager, as the landlords’ agent, can evict you for any delinquency or lease violation, with due process of law. And from the sound of it, even though you may believe you are only delinquent on the late fees and not the monthly rent, it doesn’t make much difference. … More Can a property manager evict me if I am delinquent on late fees?