What Could Go Wrong?: The Dangers of Purchasing a Home Without Legal Guidance

Home ownership is a serious undertaking with a long list of potential perils. While many home buyers don't think to involve a lawyer until after a deal is made, you actually run several risks when you purchase a home without legal guidance. Take a look at some of the possible dangers that can arise when you buy a home without legal counsel. Unexpected charges Many people are reluctant to hire lawyers because of the Read More

5 Common Issues that May Turn Up During a Title Search

The process of purchasing a home can be quite complicated, but one step that many people really don’t understand is the title search. While it may appear that it is a waste of time and money, nothing could be further from the truth. When done properly, a title search can discover a number of issues that could save you from significant problems in both the short term and down the road. The following five issues are Read More

Buying Real Estate in Florida through Probate

The term “probate property” refers to property that someone inherits upon another’s death. As soon as the administration of an estate is commenced and a Personal Representative is appointed, probate real estate information becomes available at the county courthouse – even if the Personal Representative has manifested no interest in selling it. If you’re interested in buying probate real estate, you can access Read More

New Closing Rules

The new settlement/closing rules by the Consumer Financial Protection Bureau (CFPB) on residential properties began on October 3, 2015.  Borrowers of residential real estate were given new disclosure forms after that date.  Prior to October 3, 2015, Truth-in-Lending Act-RESPA integrated disclosures (TRID) included the initial and final Truth-in-Lending Act forms, Good Faith Estimate (GFE) and the HUD-1 or Settlement Read More

6 Factors That May Prevent You From Closing on Your Dream Home, Part II

In our last blog, we detailed three scenarios and problems that could potentially stand in your way of successfully closing on the home of your dreams, including title search issues, a low appraisal, and the failure to sell your old home. For more information on these hurdles, click here to read Part I of this blog series. Whenever you seek to buy a home, always keep in mind that a successful closing is not a Read More

6 Factors That May Prevent You From Closing on Your Dream Home, Part I

So you’ve put in an offer on your dream home, and the seller has accepted it! Congratulations, this is a very big step in and of itself. However, don’t get your hopes up too high just yet. An accepted offer most certainly does not mean that the home is yours. There are some major mountains that you will have to cross in order to actually close on the home, and there are a number of things that could occur that will Read More

Buying Your First Home? Four Tips for a Smooth Closing Day

You have found the perfect home, researched the schools and neighborhood, and obtained a mortgage. Buying a home for the first time is incredibly exciting, but it can also be confusing if you are not aware of what is required in order to close the deal. Here are four tips to help you on closing day to make the process as seamless as possible. Ask Questions When you close on the purchase of your home, you will not Read More

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