Even as much of America starts to re-open for business, the consequences of the Pandemic are also just starting to hit Main Street. The latest statistics are that despite the Trillions in money pumped back into the business community and into the pockets of those who lost wages, about 1/3rd of America is now at…
In this era of HGTV, Flip or Flop, Flip This House, and my wife’s favorite – Fixer Upper . . . it is easy to under-estimate the challenges of being a first time real estate investor. At its worst, what you are wagering is that you think you can successfully compete with more experienced property…
So you need to sell but you don’t have the equity to cover a 6% real estate commission, or you WON’T pay a commission. For many home owners, the choice may be Short Sale with an agent or FSBO. In any event keep in mind a few important nuances of selling without an agent, “FSBO”,…
In a perfect world, selfless children would be a daily presence in the lives of their elderly parents and family. But whether it is a child or a neighbor, we all need to be vigilant to look out for one another. Take time to check in on those that can no long take care of…
Ever since the knee jerk reaction to the crash of Oh Eight, self-employed borrowers have often been intimidated away from the mortgage application process. Despite self-employed (the “gig economy”) vocations growing as a market segment, Fear and trepidation have caused a significant 10 year drop off of self-employed applications for home loans. Dodd-Frank, the 900…
What good is it if a lender claims to have the “highest customer satisfaction ratings” if the customer service surveys they use are all obtained immediately after closing? Sure, it was so simple to close with X, Y, Z lender, so few documents! they even sent a notary to my house to show me where…
A potential client writes to our firm: Dear Anderson & Pittman: Good Morning. I have been discussing a deed transfer with my mother. Perhaps you can tell us if we even need to do a transfer of deed. I live in a home my mother owns and have paid the mortgage on the home from…
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…
Recently, a client wrote us: “I am currently living in a condo in which my landlord was foreclosed on. We have been paying the condo fee, but haven’t heard anything from the bank. The bank has been in possession of the property for quite some time now and has never communicated with us in any…
A client recently inquired of our law firm: “Hello – . . . My father has just passed away and his house was foreclosed on in a manner that raises questions. Below is a glimpse into our story: Early in the year we initiated a Loan Modification and were told that our application was being…
