Tag Archives: Real Estate

HUD CONTINUES TO EASE ACCESS TO FHA LOANS FOR CONDO PURCHASERS

The United Stated Department of Housing and Urban Development (HUD) administers the mortgage loan program offered under the Federal Housing Administration (FHA). FHA loans are generally easier to qualify for than conventional loans, and require a lower credit score than most conventional loans. FHA loans also only require a 3.5% down payment, a portion of… Read More »

WIRE FRAUD – STILL A MAJOR CONCERN

  We have previously written about the dangers posed by wire fraud, especially as related to real estate closings (Read More Here). In spite of the passage of two years since our previous blog post, the danger posed by wire fraud is still prevalent and may even be growing. A recently reported event involved a… Read More »

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 »

X

Contact Form

We will respond to your inquiry in a timely fashion. Thank you.

  • This field is for validation purposes and should be left unchanged.