By its most common definition, a quitclaim deed is a document by which one person passes legal and financial ownership of a home to another person. It’s also a way for an owner of a home to remove himself from the title to the property. Often misspelled as “quick claim deed” or “quit claim deed”, quitclaim [...]
Read MoreThere’s some common sense ways to protect your home from burglary — keep the doors locked, the windows shut, and the alarm system on, for example. But drawing from a series of interviews with ex-convicts, NBC’s The Today Show reveals there are ways by which a vacationing homeowner can unwittingly make his home a theft [...]
Read MoreIf you plan to use the First-Time Home Buyer Tax Credit program, time is running out. The program expires November 30, 2009 and closing on a home can take up to 60 days. That leaves you 6 weeks from today to find a home and go under contract. The First-Time Homebuyer Tax Credit program was [...]
Read More Home Buyer Tax CreditI received an email from my home office a few days ago. Apparently some originators are charging bogus fees. I can’t believe this type of behavior still needs to be addressed. Greed The days of originators (not including bankers) making 2% or more on a loan are gone. Charging bogus ‘handling’ fees is a short-term [...]
Read More bogus mortgage feesAfter a series of increases starting April 30, mortgage rates finally took a dip Monday. It was a welcome surprise for home buyers that went under contract over the weekend. Same for homeowners looking to pull the refinance trigger. Versus mortgage rates on Friday afternoon, many lenders were already showing lower rates Monday morning before a [...]
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