According to industry sources : “https://www.housingwire.com/articles/mortgage-delinquency-rate-reaches-prepandemic-levels/ there are “one-half million more loans in serious delinquency in October than at the start of the pandemic in March 2020.” If you think about that for a minute, you have to wonder: (1) How effective were all the forbearance measures set up in DC at the start of…
https://thenationalrealestatepost.com/from-grace-to-entitlement/ Thanks Brian and Frank and the National Real Estate Post team. Great Reminder. From all of us at Anderson & Pittman, to all of the folks without whom we couldn’t have helped put some many homeowner’s into the American Dream. . . . Thank you! Thanks to the title examiners, the appraisers, the credit…
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…
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…
However welcome they may be in the short term, lowered interest rates are not likely to last. This means that home shoppers need to consider ways to achieve the American Dream in a rising market interest rate. Among the time tested strategies are: Get your loan pre-approval before you start home shopping. Consider paying an…
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…
Yes and No! Dying does relieve you personally from having to ever pay another penny for your Timeshare or another maintenance fee. However, your heirs may not appreciate the fact that your estate remains liable for these sorts of contractual obligations and it may affect the legacy that you leave to the next generation. It…
To quote a philosophical Bruce Lee, pioneering marshal arts movie star, when he was interviewed shortly before he died from accidental fight injuries in filming: “There is only one way to come into life, but many ways to go out of it.” Many people want to know what is the most common way for a…
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…
Over a 36+ year career in the real estate conveyancing industry, I’ve had a chance to see insurance products that change lives for the better and some that absolutely disappoint. What got me thinking about this today was this “perk” for buying “Lost Pet Insurance”: “Found Pet Travel Assistance — Covers up to $500 to…
