Title Insurance for Home Buyers & Sellers buying a house is an exciting time, but some issues can be a bit daunting. The title is the rights in a piece of property in which you may own either a legal interest or an equitable interest. What is title insurance? Title insurance protects real estate owners […]
Transaction Coordinator – TC
Transaction Coordinator – TC Part of our team is the transaction coordinator or TC. They work for you and me and the overall deal. There is a lot of paperwork including disclosures, inspection, escrow docs, and others specific to your situation. TC’s work for you, not the Escrow or the seller. Again, they work for […]
Appraisals
The fact that residential home prices are increasing is music to the ears of homeowners. However, if you are in the process of buying your home, make sure you are aware of the major challenge a hot real estate market creates. With the recent changes in the market due to the fluctuating interest rates and […]
Proposition 19
How does Proposition 19 affect the tax assessment transfers: In California, eligible homeowners who are 55 years and older, severely disabled, or victims of wildfires and natural disasters may transfer their tax assessments to a different home of the same or lesser market value, within the same county, which allows them to move without paying […]
Escrow
Escrow is a service that provides the public with a means of protection in the handling of funds and documents. It enables the buyer and the seller to transact business with each other through a neutral party, thereby minimizing their risk. During the escrow, all parties involved give their instructions to this neutral intermediary, the […]
Propositions
The New PROPOSITION 19 & 58 Explained Propositions 19 is designed to make it more affordable for retirees or older homeowners to sell their primary residence and move to another part of California. Set to begin April 1, 2021, eligible California properties may be sold and enjoy a property tax base transfer. That means you […]
Foreign Investment in Real Property Tax
FOREIGN INVESTMENT IN REAL Property Tax The disposition of a U.S. real property interest by a foreign person (the transferor) is subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding. FIRPTA authorized the United States to tax foreign persons on dispositions of U.S. real property interests. A disposition […]
Veteran Loans
In 2019, about 10% of all loans written for home purchases were Veteran loans—up from about 2% before the recession, said John Bell III, deputy director of the home loan program for the Department of Veterans Affairs. Effective Jan. 1, 2020, the VA will not cap the size of a loan a veteran can get […]
Millennials
Millennials born between 1982-2000, now number 83.1 million and represent more than one-quarter of the nation’s population. Their size exceeds that of the 75.4 million baby boomers. Millennials are on track to becoming the most educated generation in history. This means they are also the generation with the most student debt. Depending on the type […]
Getting Your Mortgage
Why is there so much paperwork mandated by lenders for a mortgage loan application when buying a home today? It seems that they need to know everything about you and require three separate sources to validate each and every entry on the application form. Buyers are being told by friends and family that the process […]
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