One of the novel questions we received in the new year concerns short selling a property held by a Trust. Many a well intended realtor has done their job only to miss the pay day (and reimbursement of advertising fees) when attempting to sell a property when they find that the person for whom they…
I guess it only makes sense that if you are going to steal money from someone, you do it at a time when they have the most access to cash that most people will ever have: when they are spending their savings or the proceeds of a big mortgage loan to buy a home! Go…
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…
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…
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…
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…
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…
Leave it to a radical pastor friend of mine to correct me on yesterday’s blog post about forgetting one of the best real estate investment strategies on the planet . . . . of course a “man of the cloth” should be other worldly and not accumulate too many possessions to tie him to this…
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…
