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From the northeast to the west coast, artists have been pushed aside for profitable real estate projects. But some creative communities are standing up to developers that would displace them. The artists’ quest to take back their living spaces is…
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“Cash for Listing”: Getting Paid to Commit to a Future Real Estate Broker
The Companies Placing 40-Year Listing Rights on Deeds A listing agreement is the document the seller signs so a real estate pro can start marketing a home. It commits the homeowner to work with the broker. Would you feel comfortable…
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Blockchain and Cryptocurrency: NAR Dives In
The National Association of REALTORS® is the largest U.S. real estate trade group. Now, it has a Cryptocurrency Presidential Advisory Group. The reason? To learn and think about crypto in real estate — now, and in the future. Leslie Rouda…
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Stealing Houses: A Fast-Growing Crime?
Or just an especially inhuman one? Several recent stories paint a complex picture.
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I’m Changing My Name. What About the House Title?
Your house title should state your current legal name. Of course, there are other documents that prove your identity. But having the correct name on the title will save steps when you want to sell or take a loan out…
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Don’t Forget Your Mortgage’s Due on Sale Clause
Transferring Your Home Into Your Business? Want to change the ownership status of your home? It’s common for property owners to quitclaim real estate into, say, an LLC that they’ve registered. If you do this, have you consulted with your…
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Not Slowing Down: Miami Real Estate Becomes Crypto Focal Point
Last summer, Peter Lane Taylor first reported on a story about the Miami Beach penthouse that sold for a stunning $22.5 million worth of cryptocurrency. Taylor wrote: At $4,440.50/SF, the deal broke every previous Miami Beach record for price per square foot.…
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Why Is My Underwriting Taking So Long?
Behind the Scenes in a Mortgage Approval… What’s the holdup? You’ve found that house you want and the seller was ready for you to move in — yesterday. But your final approval still isn’t here. Could the mortgage fall through?…
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Tax Liens, Deeds…And Scams
“We don’t pay taxes. Only the little people pay taxes.” – Leona Helmsley The Business of Unpaid Real Estate Taxes Mortgage holders do pay taxes. Property taxes come right out of an escrow account held by the mortgage company, which…
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Condos and Special Assessments
The Good, Bad, and the Tragic… After buying a condo, a unit owner will have to pay regular (usually monthly) assessments. Dues can go up when the condo board creates a new budget. Usually, unit owners just roll with the…
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When Siblings Inherit a House
Planning Ahead… What if a homeowner dies and leaves the house to multiple grown children? They have several choices, and the decision needs to be carefully made. Here, we explore a few options the siblings have as they work with…
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New Regulation for Digital Assets
Here It Comes… Internet-assisted real estate investing keeps evolving, just as the internet itself does. Now, it’s possible to convert stored value — even real estate — into digital assets. Fractional shares in a property become securities, issued as tokenized…
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For the Self-Employed Home Buyer, Is Getting a Loan About “Who You Know”?
For self-employed creators, contractors, and business owners, getting a mortgage loan can be challenging. But it’s entirely possible. Even in a tough economy. It just takes persistence and patience — and being ready to answer a lot of questions from…
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The Biden Administration’s New Housing Supply Action Plan
It’s Been Well Received in the Industry. How Will It Work? Housing is in short supply. Home prices are unbearable. The plot keeps getting more dire, with the prices of building materials up 19% from last year, and mortgage rates…
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Buying a Townhouse Makes Sense in 2022
Four Major Reasons… Houses are expensive. Many people trying to buy homes today are finding they need significantly more income than they thought they would need to qualify for a mortgage. Going for a townhouse in a multi-unit development, rather…