201605.27
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The Decade After

In the past roughly ten years, emphasis on roughly, nearly ten million (10,000,000) American homes were lost in foreclosure, short sales or deeds in lieu of foreclosure!   While our current tepid recovery continues at an underwhelming pace, there is clearly a lack of enthusiasm for home ownership.    The “American Dream” seems out of reach to…

201605.23
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WHERE ARE THEY NOW?

On occasion we lose great employees, lawyers, staff, and friends of the firm as they go on to new callings or perhaps to meet their Maker.   Thankfully, this edition’s ‘WHERE ARE THEY NOW” is about the former. Matt Pittman, former law firm digital maintenance expert, network and computer guru, file scanning department leader and firm…

201605.18
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In a Rare Political Comment

We try to maintain a fairly objective and only mildly editorial real estate blog.   Admittedly, the road to Hades is paved with our good intentions at times.    So in the interests of keeping a clear conscience, I tell you unashamedly that the following is total editorial and opinion.  Read no further if that bothers you.  …

201604.15
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Creative Financing = Creative Tax Headaches

A client called today to have our lawfirm engage in a discussion with his CPA as to tax ramifications for “subject to” sales of homes.    For those of you who have never considered using “creative financing” to sell your home or buy a home, a “subject to” means the buyer takes over the seller’s mortgage…

201603.31
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True Life Borrowing Experiences

This is an actual email from a real life potential client: “Subject: Consultation for Mortgage inquiry To whom it may concern, I was wondering if it would be possible to set up an initial consultation in person, regarding an issue that I am having with understanding my rights as a first time home-buyer.  I am…

201512.17
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Good News Comes Early This Year

Rather than the White Knuckle Ride of 2014, Congress and the President appear to be treating short selling home owners in 2015 to a White Christmas.  The black mark of debt forgiveness is being washed clean, at least for tax purposes.    For those successfully completing a short sale of their primary residence  in 2015…

201510.09
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The Reason for all the Hassle – NPPI

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…

201503.31
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The Triple “I” Intersection

At the intersection of Inventory, Income and Interest rates, we find the biggest pool of eligible buyers of new homes.     New road projects at that point on the map appear to be moving to a place that will reduce the pool of eligible buyers.   Take a minute and listen to the Real Estate Industry Blog…

201502.04
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Lingering Missinformation on Short Sales

Among our sustained flow of new short sale clients, we still have surprising instances of absolute misinformation about the process that causes many homeowners to suffer from the paralysis of analysis and delay starting their short sale for far too long.   Sources of misinformation are plentiful, and that is before you even get to the…