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state : Mortgage Loans, Rates, Home Buying, Selling, Foreclosures

All Posts Tagged With: "state"

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The foreclosure story mortgage lenders fear most

This has been a dark and dusty year for mortgage lenders. There has been the robo-signing scandal, publication of Michael Hudson’s inside tell-all, The Monster, and buy-back claims by investors yelling fraud and asking for billions in compensation. But perhaps the worst news has been saved for last, a little-noticed decision in Ohio that could [...]

30Dec2010 | | 0 comments | Continued
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Should You Expect Less Hiring A Real Estate Broker?

There’s little doubt that one of the hottest topics in the world of real estate regulation concerns the matter of minimum service requirements for brokers: Do they protect the public or are they simply a way to hold down competition from low-priced firms and new business models? During the past few years many states have [...]

19Sep2008 | | 0 comments | Continued
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Should We End State-Wide Real Estate Licensing?

By it’s nature real estate is a localized commodity. If you’ve ever heard someone say, “my home would be worth $400,000 more if only it was located elsewhere” you can see the issue: Location is crucial. The home isn’t located elsewhere, it’s located where it is and that’s one reason it’s not worth an additional [...]

16Sep2008 | | 0 comments | Continued
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Should Real Estate Brokers Be Fingerprinted?

There’s little doubt that in the past few years we have become far more security-conscious as a nation. Hidden and not-so-hidden cameras are everywhere while metal detectors can be found at airports, government agencies and even public schools. Given this trend it’s not surprising that security is a growing issue within real estate. Theft is [...]

14Sep2008 | | 0 comments | Continued
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Is It Time To Dump Home Seller Disclosures?

It’s time to buy and at the magic moment there is an exchange of paperwork. “Yes,” say the buyers, “we want this house.” “Fine,” say the owners, “here’s our seller disclosure form written by our state government which requires that we tell you all we know about the property.” Should not the purchasers feel a [...]

13Sep2008 | | 0 comments | Continued
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Should I Buy A House In “As Is” Condition?

Question: We’re considering the purchase of a home on an “as is– basis. We understand that we should get a home inspection and other checks before we buy. However, isn’t the seller also supposed to tell us about any problems? Answer: Both “as is– and seller disclosure rules vary by state. In the general case [...]

2Sep2008 | | 0 comments | Continued
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How Do I Qualifying For First-Time Buyer Programs?

There are a number of programs directed toward first-time purchasers. In general, there are three standards. First, you must not have owned real estate within the past three years. (In effect, you can be a “first time” buyer more than once.) This standard can pose some difficulties in divorce situations where spouses once owned property [...]

28Aug2008 | | 0 comments | Continued
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Can I Get A Real Estate Sale Agreement Online Or From A Hardware Store?

The opinion here is that standardized (national) buy/sell forms should not be used. Okay, the use of such forms is a bad idea. The reason is that sale agreement forms often require local content; without such content they may be void or voidable OR they might not reflect your interests. For instance, in one community [...]

28Aug2008 | | 0 comments | Continued