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Learn Real Estate

Title Insurance: The Basics

by Joshua M. Marks, Esq. | May 13, 2008

I have often found that many homebuyers lack a fundamental understanding about title insurance. While most past clients have admitted to briefly discussing the topic with their real estate agent, they don’t seem to understand its purpose or function–only that it will be an additional expense on the settlement sheet for which they are [...]

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Flipping Houses

Why Chain of Title is important to your investment property purchase

by Troy Schuricht | March 20, 2008

Banks require a preliminary title report on all real estate transactions. The preliminary title report serves many functions, but one that could cause you to loose a great deal on your next investment is the Chain of Title.

Most lenders require a title company to give them a 24 month chain of title. [...]

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Interest Rates

What Can Investors Negotiate with Mortgage Loan Officers?

by Troy Schuricht | February 29, 2008

Negotiating the terms of your loan can be as important as negotiating the sales price of your new investment property. Interest rates and closing cost a huge part of cash flow and return on investment, with the proper due diligent and negotiations, investors can be rewarded on every real estate transaction.
What can actually be [...]

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Learn Real Estate

First Time Real Estate Investing – The Contract Phase

by Mike Farmer | February 19, 2008

If you are averse to paper work, formal agreements and legalese, get over it. You can’t avoid it and it’s vitally important. Think of your contract as a big safe to protect your huge amount of valuables. The subject here will be the contract – I’ll circle back in later posts to cover the [...]

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Commentary

A Nightmare Closing Saga: Part II

by Jim Watkins | December 20, 2007

(This is the second and final part to the article. Check out Part I)
The next afternoon I got a call from the buyers’ agent. She told me that the buyers refused to switch title companies as I had requested (the closing was set to take place four days later). I asked her when she [...]

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Real Estate Law

A Primer on Escrowed Funds

by Joshua M. Marks, Esq. | October 15, 2007

Upon signing the agreement of sale in most residential real estate transactions, the buyer pays an “earnest money deposit”, which signifies his intention to purchase the property. Typically, the earnest money deposit is held in the escrow account of the listing broker (who represents the seller) and is applied toward the buyer’s down payment [...]

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Real Estate Law

Buyer Beware: You Don’t Have to Use the Mortgage and Title Companies Affiliated with your Real Estate Broker. Make Sure You Shop Around!

by Joshua M. Marks, Esq. | October 8, 2007

Caveat emptor is Latin for “Let the buyer beware”.
A recent class-action lawsuit filed in the state of Minnesota is bringing to light a long-standing issue that affects buyers of residential real estate throughout the country—alleged steering of home buyers to affiliated title, settlement and mortgage companies by large realty brokers. This widely utilized practice [...]

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