Jul 17, 2019 | Commercial and Residential Real Estate, Legal Blog, News
A 10-minute closing may sound like it’s great for the borrower, but will the consumer really benefit from faster closings. It may sound like it would be consumer oriented, but is it since it changes the fundamental process of a closing. The borrower may be able to...
Jan 31, 2019 | Commercial and Residential Real Estate, Community Support, Legal Blog, News
What is a HELOC. It is a Home Equity Line of Credit loan and we often find that they don’t get discharged when they are paid off. The reason for this is that this type of loan is similar to a credit card. The loan can be drawn on and paid back during the period...
Jul 27, 2018 | Commercial and Residential Real Estate, Community Support, Construction law, Corporate formation, Legal Blog, Litigation, News, Probate
Wire fraud is on the rise everywhere and the Federal Reserve is being asked to take a more proactive role in preventing it, especially as it relates to real estate transactions. Two key points are: 1. All parties involved in the real estate transaction need to help...
Apr 30, 2018 | Commercial and Residential Real Estate, Legal Blog, News
1. An offer is accepted by the seller and a contract is signed by both parties, marking the effective date of the contract. 2. At the same time , a deposit is paid to an attorney, broker or escrow agent. The deposit does not become the property of the seller until the...
Jan 31, 2018 | Commercial and Residential Real Estate, Legal Blog, News
An important thing to consider if you are paying off a home equity line of credit, also referred to as a HELOC. These are usually open ended loans that allow you to borrow on them for a designated period of time. Therefore, if you pay off the balance, the mortgage...
