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If you're looking to purchase or sell a property, then you may have heard the terminology "warranty deed" used to describe it. You may wonder what that means and how it impacts your ownership of the home.A warranty deed is simply a document that the seller of a...
A recent report published by ATTOM Data Solutions reflects that the current home appreciation rate is currently the lowest it's been since the second quarter of 2016. Their data shows that during this year's second quarter, homes in the United States have been selling...
A class action lawsuit, which had been previously filed by the American Civil Liberties Union (ACLU) against both Wayne County and the City of Detroit, was settled on July 3. Upon its signing, Wayne County homeowners who'd failed to pay property taxes would longer be...
If you're selling your home, then you've likely heard the words "realtor" and "broker" thrown around. While you may readily think of the person who you contact to either buy or sell a home as a realtor, you may not know what the role of the broker is.A real estate...
Right now across many areas of the United States, house prices are once again on the rise. It's because of this that many prospective homeowners find themselves in a bit of a bidding war, competing to offer the best price to get their hands on their dream homes.While...
There are a number of different reasons people fall behind in making monthly mortgage payments. You may lose your job or have your hours reduced. You might become ill and be without disability insurance. Or perhaps your spouse, who's responsible for paying the...
If you're considering buying a home, then you may have found yourself attracted to a short sale property because of its lower price. Generally, homes that are listed for short sale are those that have declined in value. A bank often agrees to let the homeowner sell...
A real estate agent has certain duties to his or her clients that must be upheld throughout every transaction. These include:Loyalty. The agent must always put the best interests of the client first. Obedience. The agent has to carry out any lawful instructions that...
You're buying a new home and you must sign off on the disclosures concerning the property. Your offer has already been accepted and the earnest money has been paid. What should you expect in those disclosures? Don't just sign anything that is set before you. Take the...
Real estate contracts, like all contacts, arrange the terms by which two or more parties arrive at a deal. Because real estate is such a complex asset with many features that may raise issues, the contracts that address real estate transactions are rarely simple, and...