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…
Today’s blog is both a resignation to our recently shattered rainfall records and a shout out to a former Associate of our Firm who opened his own firm in Virginia Beach and Williamsburg, Virginia, as an Estate Planning Specialist. John S. Burton, Esq., wrote the following pithy newsletter to educate consumers on the need for…
Many experienced home buyers, sellers and investors are still surprised to learn of the new closing requirements concerning funding. For years, the gold standard at closings was to bring funds by a “certified check”, “cashier’s check”, or other paper draft of a bank account. Unfortunately, while these legitimate real estate moguls have been out there…
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…
With whole cable TV channels dedicated to the theme of Real Estate Investment, it is not surprising that the ranks of investors are growing crowded in many markets. There are still great deals to be had, but finding them, being the first to get a good written contract with the owner, and not “giving away…
The CFPB is one of those federal entities that is truly known by it’s initials. Even more so than FBI or CIA, you have to think for a minute to remember what it stands for. . . . ? Consumer . . . .??? Now to make things more difficult, the head of the CFPB…
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. …
By now you have probably heard that Equifax was hacked by cyber criminals several months ago. They were kind enough to alert the public that the event happened nearly a month after they discovered the breach. Over 148,000,000 people are likely affected. As if having your personal information, including SSN, DOB, addresses and credit card…
