For many home sales, appraisals can be the final nail in the coffin. They can delay closings until all parties are fed up with the stress and trouble caused, but they are, unfortunately, a necessary evil. As a realtor, you are not spared from having to navigate the turbulent waters of a home appraisal. As […]
Buying a home is an exciting investment into your future. Once you’ve found the perfect property, and have gone through the approval process, you may start to feel overwhelmed. Once the paperwork has been signed and the dust has settled, buyer’s remorse may creep in, giving you second thoughts. This is perfectly natural. After moving […]
The District of Colombia Court of Appeals recently ruled that home owner associations’ super liens take both priority of position and priority of payment over a lender’s mortgage lien. This law ensures that HOAs are entitled to six months of unit assessments following a unit foreclosure even when a first mortgage lien is present. As […]
Americans are finally starting to test the waters of the housing market again after nearly a decade of avoiding the turbulent home buying atmosphere caused by the housing bubble in the mid-2000s. If you’re also planning on donning your house hunting hat, you might be wondering if you should go it alone or employ the […]
As a property owner or renter, you may encounter a situation in which renting to or from someone you know may seem like a very good idea. Although this may seem like an ideal situation at the time, there are a number of factors to consider on each side to make an educated decision on […]
In July 2014, Tom Corbett, governor of Pennsylvania, signed Act 117 that allows construction loans secured by an open-end mortgage where at least 60% of the proceeds are “intended to pay or used to pay” all or part of the “costs of construction” will have lien priority ahead of any filed mechanics lien claims, even when the visible […]
Once you purchase a home, the last thing you anticipate is the prior owner not being moved out once you have closed on your mortgage and are ready to move in. The first thing you should know is there are ways to prevent this problem prior to closing on your mortgage. When drawing up a purchase […]
Although property rental has many rewards, it’s also a great deal of responsibility. Only through adequate research can you truly be prepared for the work and expense that comes with owning and managing a rental property. Listed below are just a few of the many aspects of property rental that must be taken into consideration […]
On June 8th, 2014, the neighborhood of Mt. Oliver was devastated by a destructive fire along Ormsby Ave. Immediately following the unforgiving flames, media outlets across the county flocked to the scene to report the destruction: 11 homes destroyed, 4 damaged & 1 uninsured. That one uninsured home belonged to the Rector Family. Like many others, […]
Property line disputes can occur for a few reasons. You and your neighbor may disagree as to where you should place a fence, whether a tree falls on your property or your neighbor’s property or simply where your neighbor should be allowed to plant their vegetable garden. It’s not always immediately clear who is responsible […]
