Understanding the Seller’s Disclosure Form
If you buy a property from a trust, are you less protected by disclosure rules? If you’re transferring a deed to trust property, what do you need to know for proper disclosure?
There is no one-size-fits-all answer. Disclosure of defects in real estate is a question of state law. But don’t assume that buying from a trust means buyer-beware. The states’ trust exceptions to disclosure laws tend to be narrow.
Here, we take a look at two examples, to give parties to a trust transaction an idea of the issues to spot before the deed changes hands.
Continue reading “I’m Transferring Trust Property. Do I Have to Provide Disclosure?”
What Home Buyers Need to Know
In a seller’s market, buyers anxious to start touring homes may
find very few opportunities. Some buyers might try to make offers despite
pending deals, eager to be runners-up just in case a sale doesn’t make it to
closing. Here’s what to know about pending offers, and whether a pending home
could still be available.
Continue reading “Will a Seller Accept an Offer on a “Pending” Home?”
In 2018, a couple in Texas stumbled upon an unusual
opportunity. They got a tip that certain rural plots of land in Smithville —
just 50 miles east of Austin — were available for $500. They went for it. Soon,
the couple would order their manufactured home. That’s when the trouble began.
Continue reading “Boundary Line Problems: You Can’t Build That Here. It’s My Land!”
Property prices are surging most everywhere. And when
property values rise, taxes — charged based on a percentage of property values
— rise right along with them. So, confronting property tax hikes has become a
rallying cry in many states.
Montana is no exception. And now, a former Montana legislator
has submitted a proposed ballot initiative to halt major tax increases for
people who aren’t buying or selling, but just keeping their real estate.
Let’s take a look at how it’s going so far.
Continue reading “Montana Property Tax Going Up? Not So Fast.”
Tiny houses are, as the term suggests, small homes — generally
smaller than modest-sized condos. The price tags are not necessarily tiny, although
they can be. Here, we take a look at the logistics of living in a tiny house.
Continue reading “Buying a Tiny House: A Brief Guide”
Solar power is becoming a major real estate trend, as cities,
states, and the federal government all strive to lower their areas’ greenhouse
gas emissions. The U.S. Energy Department notes that rooftop solar costs been halved
since 2014, and system installations are surging across the country. Sunrun and
SolarCity (now part of Tesla) are leading that growth.
Climate-connected reasons aren’t necessarily in the
forefront of homeowners’ minds when they go for it. A lot of the impetus
involves blackouts after storms. Households seeking independence from
overburdened grids are looking to generators, wall batteries, solar panels and tiles.
Continue reading “Communities Are Going Solar. Will It Play in Peoria?”
After a year and a half of support from the government and
lenders, mortgage forbearance plans will wind down through the last quarter of
Can homeowners cope?
Continue reading “The Mortgage Moratorium Winds Down (Really, This Time)”
An Industry First
The Blimp Homes app brings real estate sellers and seekers together
with agents. And with Blimp, there’s something more. Together with the Home
Network Foundation (homefoundation.io), Blimp Homes has introduced an industry
first: a home search platform is designed to be decentralized, user-focused and
transparent. It’s built on the HOME Protocol — on blockchain.
Real estate agents are being assigned cryptographic assets
called HOME tokens when they sign up with the Home Network. Buyers and sellers will
soon be earning HOME tokens on the Ethereum blockchain when working with others
on the Blimp platform.
U.S. real estate is the starting point. The network has
plans to expand to cover all of North America, and then go further.
Continue reading “The HOME Token on Ethereum”
Real estate without legal access to a public road is called landlocked
insurance policies exist to protect mortgage lenders and homeowners from the
costs of dealing with burdens on a property’s title. Standard title insurance usually
covers lack of access. This means it can help pay for the costs associated with
obtaining an easement if a house isn’t on a public roadway.
But title policies, individual situations, and state laws
vary. Let’s take a look.
Continue reading “Access Matters: Getting an Easement for Landlocked Property”
Brooklyn property values are going up. And there are plenty
of opportunists looking to steal deeds. In the Bedford-Stuyvesant district of
Brooklyn in New York City, Dairus Griffiths just triumphed over those
In the past decade, Brooklyn has lost many of its Black and
Hispanic residents, as gentrification reshapes the district. Serial fraudsters
and their limited liability companies aren’t making life any easier for
longtime residents. They scour public records for the most vulnerable and
Deed cheats use the shell company structure to blur the
identities of holders. The manipulators lie to their targets; they forge deeds;
and they move houses from one LLC to the next. Identifying and charging these
manipulators becomes very hard to do.
Continue reading “Amid New York City’s Rampant Deed Theft, One Victim Wins”