So what does the term Homestead Exemption mean and how does it apply to you? A homestead generally refers to one’s owned, primary residence, and is a protection of the value or a predetermined portion of the equity in your principal dwelling place from some creditors and/or forced sale of your home.
Gone are the days of the guaranteed 30-day closing. Though not impossible, in light of tighter mortgage regulation a 30-day closing is no longer the norm. Realistically you’re probably looking at 45 days from contract to close, and that’s without additional contingencies. Even with this extended contract period there are a number of things that… Read More
Real Estate fraud is real. You need to be aware of the vulnerabilities of your transaction, and how to safeguard your information and your investment. Beginning with internet home searches and mortgage applications, technology plays a major role in Real Estate. Most of the paperwork for a residential Real Estate transaction can be completed on… Read More
FIRPTA – A Tax on Home Seller’s that Home Buyer’s May be Liable For FIRPTA has been around awhile but I ran up against it so many times in the past year that I’ve learned a lot more about it lately. The friendly folks at Pioneer Title were especially knowledgeable and helpful, explaining the finer… Read More
Home Buying: Think That Title Report is Trivial? Then You’ve Never Heard of Lis Pendens. When the Title Company was chosen to handle your Real Estate Transaction you probably didn’t care much who they were. You may have been blissfully unaware of their purpose or their process. In most cases, the first time a Home… Read More
2017 Sees Changes in Regulations for Title Companies. I’m very fortunate to have solid, dependable contacts in the Title industry. The folks at Pioneer Title are always willing and quick to resolve any issues I have. On the few occasions when I couldn’t get an answer immediately, they’ve researched and returned my call within a… Read More
The Loop 202 / South Mountain Freeway extension will affect hundreds of home owners and businesses. Many home owners who were aware when they purchased their homes that this freeway project was in the works, will be forced to sell and relocate. This isn’t a surprise to these families but it is disruptive. There are… Read More
Veteran’s Courts address issues that are unique to folks with a Military background, dispensing compassion in equal measure with justice. They seem to be spreading like wildfire and I for one, think they’re a fantastic idea! This is a great explanation by Doug McMurdo on the Daily Miner website. ~Bill by Doug McMurdo, Miner… Read More
