Would that life were so simple that one DEED would fit all such transactions!!!! But if no one has told you today, please be assured that drafting a correct and appropriate deed to pass down real estate titles between generations is anything but simple! It is certainly not a job for a person not licensed…
Hate to Brag, but I blame YOU! Top 3 Real estate lawyers Virginia Beach, VA Charles D. Pittman Congratulations! You are now listed as one of the Top 3 Real estate lawyers in Virginia Beach, VA. We would like to Thank You for providing consistent high quality in your area of business. Our review…
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…
As 2016 comes to a close and I reflect on the reasons for various real estate transactions going into an adversarial mode, a couple of trends stand out: Real Estate Closings, despite centuries of experience and practice, can be complex monsters. . . and Dodd Frank and all previous attempts at consumer protection consistently…
One of the Friends of the Firm, Realtor Dale Hirst, posts this today: In case you didn’t notice yesterday, the FOMC (Federal Reserve chaired by Janet Yellen) raised rates .25% yesterday and said they expected to do so again 3 times in 2017. How does that effect you? For those who are already home owners,…
This year’s (11-8-16!!) ballot has the potential to be a little more complex than usual. In my city there is a referendum on Light Rail, a question on exempting widows of First Responders killed in the line of duty from real estate taxes, and a constitutional amendment on keeping Virginia a “Right to Work”…
People Die. Statutes of Limitation Run Out. Loan Commitments Expire. Creditor companies go out of business. Witnesses relocate. Co-Owners become estranged and quit cooperating. Foreclosing Trustees refuse to postpone auctions. Memories fade. All these realities added together make a pretty compelling reason to know about and start fixing possible title problems at the earliest possible…
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…
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…
