Category Archives: Real Estate

RUNNING BAMBOO – A Potential Liability for Connecticut Homeowners

“Running bamboo” is a specific type of bamboo plant which has a tendency to spread well beyond where it was originally planted. Running bamboo is sold and planted in Connecticut as an ornamental garden plant and due to its rapid growth and spreading properties, frequently used as a hedge or border plant.  Unfortunately, the properties… Read More »

CRUMBLING FOUNDATIONS IN CONNECTICUT

In having recently gone through my own purchase of a home in a highly affected area of Connecticut, I could not help but become familiar with the issue of crumbling foundations in Connecticut. This resulted in us doing a ton of research prior to settling on a home, especially in light of initially having interest… Read More »

RENT-TO-OWN: A Misnomer of an Old Practice

With the current conservative lending attitude, buyers and sellers are looking for other alternatives to buy and sell property. This concept of Rent-to-Own seems to be taking root. Rent-to-Own infers that by renting a property you can subsequently become the owner which was similar to an old practice called an Installment Sales Contract that has… Read More »

YOUR HOME IS BEING FORECLOSED: WHAT SHOULD YOU DO?

You own a home and fall behind in your mortgage payments, and suddenly you are faced with being served with a summons and complaint, along with other notices, in which the lending institution is seeking to proceed with a foreclosure of your property. What do you do after receiving all of these papers? Upon being… Read More »

LOW DOWN PAYMENT MORTGAGE OPTIONS FOR YOUR HOME PURCHASE

Purchasing a home, especially as a first-time home buyer, can be overwhelming. This is especially true when it comes to considering how to finance your dream home.  Unless you are one of the lucky few who can pay cash, purchasing a home requires obtaining a mortgage loan.  There are numerous options for mortgage financing. Traditionally,… Read More »

TYPES OF TITLE INSURANCE

In a recent blog post (What is Title Insurance & Do I Need It) I discussed the basics of title insurance.  This blog post discusses the different types of title insurance that are generally available in a residential real estate closing. The Loan Policy: A loan policy of title insurance is always required by the… Read More »

WILL HOMEOWNERS BE AFFECTED BY THE NEW FEDERAL TAX LAW?

Updated March 27, 2018 Congress recently passed and President Trump signed into law a sweeping overhaul of the federal income tax structure. The experts are still sorting out all of the various parts of the very complicated law and its potential impact on individuals and businesses.  Discussed here are some of the changes in the… Read More »

MORTGAGE LOAN LIMITS INCREASED FOR 2018

Loan limits are being increased for both conforming loans and FHA loans for 2018. The Federal Housing Finance Agency (FHFA) recently announced an increase in the “conforming” loan limits effective January 1, 2018. (Click for More Info). Conforming loans are those loans which are readily saleable into the secondary mortgage market (specifically to Fannie Mae… Read More »

COMMERCIAL LEASES – Important Considerations For Tenants

For many small business owners, one of the first major transactions as they grow or transition from a home-based business is signing a lease as a tenant for commercial space for their growing business. All too often, a new commercial tenant will not scrutinize the proposed lease as carefully as they should before signing it,… Read More »

WHAT IS TITLE INSURANCE AND DO I NEED IT?

Many home buyers are surprised to learn that one of their closing costs is for “title insurance.” What is title insurance and why is it needed at most real estate closings? In simple terms, title insurance is a policy of insurance that insures the title to real property. It is different from homeowner’s insurance, which… Read More »

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