Your home is one of the largest financial investments you and your family will likely make. For the majority of home-buyers, the mortgage will last for many, many years, often decades. For anyone who is the primary person responsible for paying the mortgage, what is going to happen in the event you ... » Learn More about Life Insurance Policy Cover Your Mortgage
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Fake real estate agent
A man who allegedly posed as a real estate agent to acquire hefty rental fees has been arrested in Westchester County, New York. Fake real estate agent used Trulia, Zillow to scam renters As first reported by the Putnam Daily Voice, Irvington police arrested Ricardo ... » Learn More about Fake real estate agent
Word of caution-Risky Mortgage Product
The U.S. Office of the Comptroller of the Currency (OCC) is instructing banks to keep tight underwriting standards for a risky form of unconventional mortgage that is focused on a borrower’s assets. The “asset loan” - a form of mortgage once associated with the wealthy - is now being used ... » Learn More about Word of caution-Risky Mortgage Product
Contracts and Force Majeure
How exactly does the force majeure provision in the Florida Realtors/Florida Bar “As Is” contract work given that a hurricane has interrupted some transactions? Meaning “superior force” in Latin, force majeure outlines just how a buyer and seller will continue. Contracts and ‘Force ... » Learn More about Contracts and Force Majeure
Pending Home Sales Drop 2.5% in July
Pending home sales dropped in July, reversing course on two consecutive months of gains, in accordance with the National Association of Realtors®. Of the four major regions, each reported a decline in contract activity, however the greatest decline came in the West. Pending Home Sales Drop 2.5% ... » Learn More about Pending Home Sales Drop 2.5% in July