201804.11
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So You Think You are a Veteran of Many a Closing

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…

201802.15
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Do I have to Die to get out of my Timeshare?

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…

201612.19
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“Creative Financing” Pros & Cons

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…

201612.15
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It’s Official – Rates are on the Rise

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,…

201606.24
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Why can’t I let my brother in law negotiate my short sale? He is a realtor after all!

Kudos to one of our legal network affiliates of Attorney Short Sale Negotiators who answered this question as succinctly and accurately as you could ever ask: Should real estate agents negotiate short sales? No.  Absolutely not.  It is replete with legal issues, risks, deficiency issues (amounting to tens or hundreds of thousands of dollars of…