ARCHIVED BLOG POSTS

2009 

6 Comments
Why Buy Title Insurance On a House When You Pay Cash For the Home? If you are making the largest investment of your life, wouldn't you want to make sure you are protected by obtaining and buying title insurance? When you buy title insurance on a house, a title company gives you certain guarantees...
10/20/2009

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How do you know when real estate buyers become prospective buyers for your home? Does something magical occur when a specific real estate buyer knows your home or house is for sale? If you have your home listed for sale, does the listing broker keep count of prospective buyers so that you know wh...
10/20/2009

2 Comments
Well, the foreclosure numbers are out for the third quarter, and they’re the worst on record. According to RealtyTrac, foreclosure filings (which include default notices, scheduled auctions and bank repossessions) were the highest in Q3 2009 since 2005, when the company began tracking foreclosure...
10/15/2009

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Q: I am in the process of purchasing a town house and paying cash. I am using funds from a certificate of deposit (CD) that is payable on death (POD) to my daughter. She is currently renting an apartment and I feel it would be better for her to own rather than rent. The home will be in her name. ...
10/12/2009

6 Comments
If you are getting the showings, but your house won't sell, what should you do? Q: My husband and I are baby boomers and have just downsized by purchasing a home at a good price in a 55+ community.We have had over 60 showings and besides some negative comments about two rooms with wallpaper, the ...
10/12/2009

1 Comments
Q: I live in Maryland and recently became unemployed. I have enough money to pay my monthly first mortgage payment with Bank A for 2 years, if I do not pay my home equity line of credit(HELOC) payment with Bank B. Can Bank B foreclose on my home if I am current on my first mortgage payments? If B...
10/12/2009

0 Comments
To qualify for the first time home buyer tax credit, you can’t be a nonresident alien. That is to say you must be legally in the United States with the right to reside here. So if you were a tourist coming for a visit, you would not qualify for the tax credit. You would also not qualify for the t...
10/12/2009

2 Comments
Q: I bought a house as a primary residence in 2006. In 2007, I bought another home that I intended to use as my primary residence. I was recently informed by my lender that their current lending guidelines require my first home be owner-occupied. I tried to appeal but they didn't budge. I'd like ...
10/08/2009

1 Comments
According to a report from the National Consumer Law Center, reverse mortgages are being used by abusers of the subprime mortgage market as “tools” to profit from seniors. The National Consumer Law Center thinks that if protections aren’t put in place soon, not only will the life savings of senio...
10/08/2009

2 Comments
                                                The autumn wave of real estate property tax bills came due starting in September – and across the country, homeowners are panicked about rising property tax bills in the face of substantial property value declines. It isn’t just that property values...
10/07/2009
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