201901.30
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Looking for ways to SAVE MONEY on your next closing, LOOK ELSEWHERE (when it comes to TITLE INSURANCE)

Long gone are the venerable days when you hired an attorney for $1,000 and he actually visited the courthouse to search title to the property you were buying.     The closing industry has become so competitive that most settlement fees are 1/3rd to 1/2 what they were 50 years ago!   Attorneys had a monopoly in Virginia…

201802.19
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What does Terrorism have in common with a Survey?

IF YOU SEE SOMETHING, SAY SOMETHING!!! Your realtor is in a unique position to help identify problems that call for further investigation.  Consider the surveyor to be like a good law enforcement officer.   Even your closing attorney can’t help unless the realtor alerts him to issues that presented themselves at home inspection, walk-thru, or when…

201711.10
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What are my Closing Options in this Electronic Age?

While our beloved Commonwealth of Virginia prides itself on keeping up with the Joneses in all matters of E-Commerce, we have taken more of a “wait and see” attitude toward the most electronic of closing technologies.    Naturally, big states with fewer Notary Publics per square mile would need to take the lead on electronic notarizations.  …

201612.19
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“Creative Financing” Pros & Cons

Among the more common “creative financing” alternatives in Virginia are the “Contract for Deed”, or “Land Contract”, and the “Land Trust”.     Creative financing often becomes necessary when you have a Seller very motivated to Sell, but who who has very little equity and does not want to do a Short Sale or  rent the house…

201606.24
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Why can’t I let my brother in law negotiate my short sale? He is a realtor after all!

Kudos to one of our legal network affiliates of Attorney Short Sale Negotiators who answered this question as succinctly and accurately as you could ever ask: Should real estate agents negotiate short sales? No.  Absolutely not.  It is replete with legal issues, risks, deficiency issues (amounting to tens or hundreds of thousands of dollars of…