Articles – Real Estate Deeds Made Easy Since 1997
A new real estate agent commission lawsuit is afoot: QJ Team LLC and Five Points Holdings LLC v. Texas Association of Realtors Inc.
This one is Texas-specific.
Continue reading “Don’t Mess With Texas Builders: Fed-Up Companies Sue Real Estate Groups”
Snohomish County Washington is now offering a valuable service for property owners – the Recorded Document Notification System. This free, voluntary system is designed to alert you whenever a document containing your name or tax parcel number is officially recorded.
Continue reading “Stay Informed with Snohomish County’s Recorded Document Notification System”
United Wholesale Mortgage (UWM), a major lending company, is now offering free appraisals for some borrowers.
The perk is part of an oh-so-tempting 1-0 temporary rate buydown package, available to local mortgage consultants itching to help buyers break through the current housing standstill.
“So,” you ask… “What is a 1-0 buydown mortgage?” Successful loan applicants can hack 1% off whatever interest rate they locked in. They keep that discount for the first year of the loan. So, whatever the current rate is, cut that by 1%. If the rate is 8%, the borrower only pays 7%. After that first year, the regular rate kicks in.
UWM is putting some icing on the cake. It’s promising to pick up the tab for up to $600 in appraisal fees. Conventional and government-backed home loans can qualify. And the whole deal is good through March 31, 2024.
Continue reading “Mortgage Companies Are Antsy for People to Buy Again. Look Who’s Covering Appraisal Costs.”
The Hawaii Bureau of Conveyances (BOC) has announced significant changes to the processing of Land Court/Torrens documents, effective from November 27, 2023. This update comes in light of unexpected staffing challenges that have affected the bureau’s operational capabilities.
The BOC has advised that due to these staffing issues, the processing time for Land Court/Torrens documents submitted electronically (eRecording) has been extended significantly. The new estimated turn-around time is now between 25 to 35 business days. Given this delay, the BOC recommends that only non-urgent documents should be submitted electronically at this time, as they are likely to be recorded in 2024.
Continue reading “Hawaii Land Court/Torrens Document Processing Update”
Unless they’re lucky enough to assume someone else’s mortgage, current buyers are paying interest rates near 8%.
The media will report on this in all kinds of ways, because people want information and they want workarounds. But sometimes, in this click-driven media world, what’s packaged as news is really a distraction.
Let’s take a look at one of the latest things reporters have jumped on. It’s a TikTok account that posted a “hack” by which home buyers could cut their high mortgage rates for items they’ve wanted — like new cars or vacations.
Don’t believe it.
Continue reading “Does the TikTok Mortgage Hack Work?”
Have you heard about PAVE? Most people haven’t. It stands for Property Appraisal and Valuation Equity.
When it comes to homeownership, fair appraisals are not just a matter of numbers—they’re a cornerstone of equity and financial prosperity. Enter PAVE. This initiative, championed by the White House, is more than just an acronym; it’s a pivotal step towards addressing long-standing biases in home valuations that disproportionately affect Black and Brown communities. While many are still unaware of PAVE, its impact could reshape the landscape of real estate fairness. Two years since its introduction by the Interagency Task Force, it’s crucial to examine the progress and understand why fair home appraisals are not just beneficial but essential for a more equitable society.
Why? We believe fair home appraisals can help promote good selling and buying experiences for more people. In short, PAVE is good for deed holders, good for title transactions, and helpful for ensuring fairness when deeds change hands.
Continue reading “Fair Appraisals Matter—To the White House, and to Us”
Millennials now range in age from their late 20s to early 40s. Most of the ones who can buy homes are getting to the older edge of that range.
They need more money than buyers of the past. Maybe that’s why they’re waiting until later in life to buy. In short, this generation’s home buying challenges really are unique.
Continue reading “Home Buying Today, for Millennials”
Hopeful home buyers, take heart. Investors in stocks and bonds, take note. Ginnie Mae has launched Social Bonds.
Ginnie Mae has published new information for investors pointing to the “significant social impact” of its bonds, as they back mortgage funding for home buyers in historically underserved communities. Its new updates should attract attention, and further boost first-time homebuyers’ access to funding.
OK, but wait… Who is Ginnie Mae? And what’s its connection to home mortgage affordability? Let’s break this down.
Continue reading “Investment Opportunities to Promote Affordable Mortgages: Ginnie Mae Introduces Social Bonds”
Wondering how to donate a house?
Charitable donations can keep supporting your causes long after your lifetime. Gifts of land, homes, or easements make a lasting mark.
Of course, there are various reasons for real estate donations. Some donors are less interested in the cause than they are in offloading an investment property, or in getting out of the responsibility for an inherited home.
In any case, a gift deed can be used to donate to a non-profit organization or charity. Before committing to the decision, it’s important to know how to spot some key issues.
Continue reading “If, Why, and How to Donate Real Estate to a Cause”
“For millions of Americans homeownership is a foundation for so many parts of their lives,” says the White House. “And for many it is also their primary source of wealth.” With this statement, the Biden administration has announced new actions to support homeownership.
Last year, the administration called its Housing Supply Action Plan “the most comprehensive all-of-government effort to close the housing supply shortfall in history.” An effort, yes. But is “all” the government in?
A year since the White House announced that plan, the typical listed home is now a luxury that most people can’t afford. We want to see real movement to increase homeownership — and, of course, that means more deeds. So we’re watching what the administration is doing. Here’s what we know.
Continue reading “Again, the White House Encourages Homeowners to Sell, and Renters to Buy. Is This Helping Anyone?”