Los Angeles Times recently published an article that outlines a mortgage scam currently affecting residents across the United States. According to reports by the United States government, the individuals running the scam are selecting current homeowners to whom they are sending letters. The letter explains...
It’s pretty rare that we receive good news from the Internal Revenue Service, but this is one instance of savings they are sending your way. If you use your personal vehicle for business purposes, you will be able to deduct an additional $0.04 a mile...
Commercial real estate properties include: Investment (tenant occupied) properties Owner occupied properties Most commercial real estate properties are for investment, and therefore the decision by an investor to purchase a commercial property is primarily based upon a financial performance analysis of the asset. One of the fundamental components...
According to a recent study, home buyer’s are getting much more particular about the items they “require” in a home. As a whole, the home buyer segment is well aware that many home sellers are eager to sell as quickly as possible. As such, expectations...
Earnest money, also known as a good faith deposit, dates back to ancient times. In the old days, it was known as the earnest penny and represented the payment binding a purchase, often times an animal or a piece of land. It has since evolved...
Whether you are a first time homebuyer or in the process of selling your second home, the escrow process can come across as unfamiliar territory to both homebuyers and sellers. The knowledge and expertise that is required of an experienced escrow officer often takes years...
If you've ever purchased a home, or are in the process of buying, it will come as no surprise to you that the home buying process is one of the biggest decisions you’ll ever make.Although some aspects of your new home purchase will be handled...
In a commercial property foreclosure, the lender will usually ask the judge to assign a Receiver to take “control” of the property. Receivers are normally nominated by the lender; however, they are considered agents or officers of the court and are a neutral third party....
Buyers and sellers often find residential real estate statistics confusing. In this blog we will shed some light on these numbers. We’ll take a look at the most widely used statistics and we’ll review each one to better understand them. What are the some of the...
On March 18th HUD issued important information pertaining to how mortgage loan originators comply with the Real Estate Settlement Procedures Act (RESPA) with regard to the Federal Reserve Board’s Loan Originator Compensation rule, effective April 1st. This information clarifies RESPA requirements related to proper disclosure...
