Disadvantages of Short Sales Short sales occur when a homeowner owes an outstanding balance to a mortgage lender or the bank. However, the lender allows the property to be sold short of the amount owed. It is a better solution than a foreclosure because it causes less financial damage to the mortgage lender or the…
Mortgages for buying property mean getting title insurance. But is it safe or ultimately a scam for house owners? People are often unaware of title insurance or don’t realize its existence until they’re required to get one at the end of the house-buying procedure. It might come as a surprise, but title insurances are must-haves…
Here are the 5 most important questions to ask a title company before hiring.
Do You Need Title Insurance for Vacant Land? The simple answer is ‘yes.’
You must search for the right mortgage lender and list the right questions to ask them.
If you’re thinking of buying a home by taking out a mortgage, you may have some idea about an escrow insurance account. As a homeowner, understanding how an escrow account works can simplify financial planning.
What You Need To Know For Selling Your Home Is FSBO worth it? Is FSBO a good idea for selling your home? FSBO might seem like a great idea for saving a lot of money on agent fees. However, the truth is that FSBO is not for everyone. If you have long experience in the real…
A title agent makes sure that there are no pending legal issues that could get in the way of your title to the property of your dreams.
For sale by owner or FSBO might seem attractive since you can avoid paying huge commissions on your property sale that could range from 6 to 12 percent of the transaction.
If you’re a real estate investor, you’re probably familiar with the 1031 Exchange. This is a reference to Section 1031 of the US Internal Revenue Service’s tax code. The 1031 Exchange creates provisions for property owners to defer capital gain taxes while facilitating significant portfolio growth and increase in investment. To qualify, most exchanges have…
