Tag Archives: Real Estate

NEW LEGISLATION REINFORCES ATTORNEY ROLE IN CONNECTICUT REAL ESTATE CLOSINGS

Using an attorney to perform real estate closings is the norm in Connecticut, and many people assume that this is the case everywhere in the United States. However, in about half of the states, an attorney is not typically used by local custom, and the use of an attorney is required by law in only… Read More »

ZONING VARIANCES IN CONNECTICUT

Each Connecticut town has adopted their own individual set of zoning regulations, in compliance with state statutes. These zoning regulations generally divide the town into zoning districts, and then state what uses will be allowed in each district (residential, commercial, etc.), as well as the building characteristics allowed, such as provisions for building height, setbacks,… Read More »

TIME TO CONSIDER REFINANCING YOUR HOME MORTGAGE?

According to recent news reports, interest rates on home mortgages have dropped down to their lowest rates in the past year (See More).  In addition, home values have generally been rising. These two factors may mean that it is a good time to investigate the benefits of refinancing your home mortgage. A refinance involves getting… Read More »

WHAT DOES “TIME IS OF THE ESSENCE” MEAN IN A CONTRACT?

Most written agreements have dates for the performance of certain obligations. For instance in an agreement to buy a home, there will be a closing date. What happens if that date arrives, and the closing is not held? Is the delaying party automatically in breach of contract? Many people would be surprised to learn that… Read More »

NEW LEGISLATION AFFECTING SENIORS (2018 Session)

The Office of Legislative Research for the State of Connecticut has published some of the new laws passed by the Connecticut legislature during the 2018 session.  Here are some of those new laws which were effective either when passed or as of October 1, 2018 unless otherwise noted: Emergency Medical Response System Contract: If you… Read More »

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 »

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 »

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