We are in the midst of a digital revolution, the dawning of the Information Age. Not since the industrial revolution has so many industries changed so quickly. For a variety of reasons, real estate hasn’t taken a leading role. In fact, it’s hardly taken part. That’s rapidly starting to change thanks to the advent of PropTech. The…
Rising technology is having a massive impact on the real estate industry. To illustrate, almost $13 million was spent on investments in real estate technology in 2019 alone. New technology is making the entire home buying and selling process easier and forcing real estate agents to change up their strategies. Let’s take a look at…
Pretend you’re lying in bed after a long, hard day at work, and you’re just getting comfortable when you realize you left the front door unlocked. Do you get up and lock it or fall asleep? Probably nothing would happen, you say to yourself. After all, when was the last time someone tried to break…
There are many different types of liens, and we know them all. Liens are a creation of the legislature designed to allow certain ways to secure debts on real estate. Here’s a brief introduction. What is a lien? A creditor may place a notice on your property requiring you to pay off your debt before…
If you’re purchasing a brand new house, you’re probably wondering why you need title insurance on a newly constructed home. Title insurance is about protecting yourself from the debts, obligations, and errors to the title that the previous owners of your home may have incurred, but no one has owned your home yet besides you.…
A noteworthy legal precedent about title insurer liability has emerged in a complex four-way suit between three real estate developers and one’s title insurance company. Chief U.S. District Judge Frank D. Whitney granted a summary judgment motion in favor of Old Republic National Title Insurance Company, affirming that they were not liable for paying damages…
Question: “I’m getting ready to close on my new home, but there’s a settlement fee for the lender’s title insurance and also a similar one for the owner’s title insurance. Is it essential that I pay both?” Answer: This question has been around for a long time, and many homeowners get very frustrated when dealing…
Most real estate transactions use various property deeds to transfer title from the grantor (the previous owner) to the grantee (the new owner). The type of deed used will depend on the type of title warranties and covenants that the grantor provides. Here are a few of the most common forms of property deeds to give you…
Everything You Need to Know About REO Investing in commercial real estate has been one of the most dependable paths to financial independence in the United States for centuries. Unfortunately, finding the right commercial property to buy is easier said than done. What Is Real Estate Owned Property? An REO or real estate-owned property is…
It’s 2021, and mortgage lenders need to start publishing to get their names out there. With the advent of the internet, it has become second nature to seek information before deciding whether to find a dinner recipe, start a project, or purchase a home. It’s also become more accessible than ever to find that information.…
Significant life changes are often accompanied by stress, fear of the unknown, and uncertainty. This notion rings especially true for employees or others affected by the pandemic who are relocating. If you’ve recently accepted an exciting job offer in a new place, getting your ducks in a row can prove challenging. Finding a place to…
It all boils down to numbers. Between 13.9 and 15.9 million new households are expected by 2027; the next ten years are projected to be the strongest in US history for the housing market. The upsurge will be created primarily by two new groups of homeowners: Millennials and Hispanics. Why the Surge in Demand? The…
