More and more foreigners are seeking to purchase real estate in New York. This article from hg.org lays out the basics for those seeking to purchase real estate in the US. As the real estate market in the U.S. has made a strong indication of recovery, some outside of the United States have begun to … More Can Foreigners Buy Real Estate in the United States?
This article from realestateabc.com offers some good insight into the impending changes that will help buyers better understand the loans they are entering into. Lenders will need to make adjustments on how they process and prepare documents. Closing mortgage documents will become a little simpler for home buyers come Aug. 1 when new federal regulations … More New Mortgage Rules Start August 1st! Simpler For Buyers- More Work For Lenders.
The real estate sector faces a host of challenges that will require professionals in all facets of the industry to become more adaptable and agile in the coming years in order to remain relevant and competitive, according to a newly released report commissioned by the National Association of REALTORS®. Concern about the erosion of the … More The D.A.N.G.E.R. Report – Dealing With The Challenges That Face The Real Estate Industry
This Realtor Magazine article points points out why consumers pass up working with certain agents. I recently saw a Facebook post from a real estate agent mentioning that a consumer looked at 250 houses with eight different practitioners before finally making a purchase. You should have seen the comments on that post. You’d think that … More 7 Deadly Sins of Real Estate
This Realtor Mag article reviews what all those who are involved in a real estate transaction need to know concerning keeping sensitive data obtained during the transaction safe. Brokers, coordinators, assistants, and agents all have responsibilities to keep data secure. Are you doing everything you could be to protect your clients? We combed through the … More Duty of Realtors to keep sensitive data safe.
A borrower may be able to walk away from his mortgage just by sending the lender a letter within three years of executing the loan documents. At least that’s what the U.S. Supreme Court recently said in the case Jesinoski v. Countrywide Home Loans . This right is fairly limited, of course. Under the Truth In … More Loan Disclosures – Consequences to Lender can be great for failure to disclose.