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We have a new website!
After 10 years, we have built a new website for your convenience. Much more eye catching and more informative and offering more services for our clients! Please take a look around and let us know what...
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Is there REALLY a sales tax in the Obamacare plan on the sale of my home?
The answer to that question is yes…BUT. The Patient Protection Affordable Care Act, better known as Obamacare, does place a 3.8% tax on investment income, which includes unearned income from capital...
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Why am I required to wire the proceeds owed at closing?
I recently bought a house and the closing attorney is insisting that we wire the amount we owe at closing, even though the contract says that we can provide a cashier’s check. Is this really necessary...
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I noticed on my HUD-1 Settlement Statement that there is a $35.00 charge for...
Unbeknownst to most homeowners is that our country has experienced a huge problem with lenders failing to release or satisfy mortgages, home equity lines of credit, and UCC-1 Financing Statements....
View ArticleShort Sale Guideline Change
What is a short sale? A short sale is a pre-foreclosure sale of a person’s home, in which the home is sold for less than the payoff on the mortgage, leaving an unpaid balance. If your lender...
View ArticleMortgage Insurance Premiums on FHA Loans to No Longer Be Dropped.
In 2000, Andrew Cuomo, the then serving Secretary of Housing and Urban Development, announced that Borrowers with FHA loans would be able to cancel their mortgage insurance “just like conventional...
View ArticleFHA’s “BACK TO WORK- EXTENUATING CIRCUMSTANCES PROGRAM” Relaxes FHA...
On August 15, 2013, the Federal Housing Administration (FHA) relaxed its three (3) year waiting period on foreclosures and other “economic events” which would have heretofore prevented a borrower from...
View ArticleTO SEPARATE OR NOT TO SEPARATE, THAT IS THE QUESTION
Now that TRID ("TruthinLending Integrated Disclosure") has been implemented, all of us who are in the real estate/lending business are working to comply with the rules relating to TRID, the rules...
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