This week I had a client ask me if I’d had much experience with internet lenders. A visit to a website, an email exchange, and a voice on the phone and my client had a quote on his interest rate that fell into the category of “too good to be true”. “Can I trust…
For the past several quarters, many of our closings for home buyers in the starter home or first move-up category have revealed a loss of FHA market share. It seems that the traditional market for FHA appeal was the 1st or 2nd home market with buyers lacking a substantial down payment. FHA loans can allow…
The ever entertaining and thought provoking NREP (National Real Estate Post), formerly known as TBWS (Think Big Work Small) challenges our national leadership and loan regulators to promote home ownership by easing qualification regulations. /Shocking Zillow Renter Report The NREP blog also points out that the 50 year low in the home ownership index may…
The reason we must sometimes encrypt your email from our office is “NPPI”. “Non-public personal information” about you is just about the most precious commodity we handle. You entrust us with this information to enable us to represent you and protect your interests in suits, closings, and all kinds of legal processes. What kind of…
For those of you that check back on this website and blog periodically to find out whether your forgiven debt from your short sale in 2015 will be taxable or not . . . . the year is 3/4th complete and we still don’t know. As you may recall from 2014 . . . it…
Over the past five years, our short sale practice has become ever more streamlined and efficient. We’ve seen time required for approvals drop as all the major lenders in the Virginia market recognize our firm name and even have first name relationships with some of our staff members who have been with us throughout the…
Nationally, we have seen between 2% to 7% rise in home prices over the past year. Big California cities have seen the biggest increases. The latest news is based on the increase in prices and reduction in time on market between February 2013 and February 2014. “Black Knight Financial Services released its Home Price…
The American Dream refuses to go away quietly in the night. The aspiration for home-ownership has survived even the dismal recession whose tentacles began to appear in 2007 and a few of which linger to this day. One of our lawfirms’ great celebrations occurs when a short sale client returns to buy their first home…
The House Bill and budget has been sent to the Senate as I write today. It does NOT include an extension of the exemption that expired 12-31-13 for treating forgiven debt as income. There are still advocates for the extension of the exemption and this is the latest information available as of today: Bill Seeks…
Whether it was Perry Mason, LA LAW, or an actual relationship with an attorney, most of us have stereotypes of attorneys. Not only attorneys in general, but the way you think of an F. Lee Baily or Johnny Cochran type litigator is probably not the same way you feel about a Tax Attorney. When you…
