Understanding the Role of Property Surveys Surveys play a crucial role in ensuring a smooth property transaction by identifying property lines, encroachments, and…

It’s so important to understand your ownership interest when you inherit a property. Here’s a story of why and what can happen if…

Even though many settlement agents are attorneys, the settlement agent is neutral in the transaction. In Virginia, the settlement agent typically doesn’t represent…

A quitclaim deed releases a person’s interest in a property without confirming the person’s interest or rights. It gives no warranties of that…

Builders, foreclosure companies, and some individuals, give a special warranty deed. Many resale Contracts, including the NVAR Contract, calls for a General Warranty…

All money changing hands between the Parties must be reflected on the settlement statement and approved by the Buyer’s lender. Before negotiating any…

People will frequently ask to add their kids to title of their house. While it may seem like this protects your child, any…

What if the Earnest Money Deposit Deadline is missed? The Northern Virginia Association of Realtors (NVAR) Contract specifies that the Earnest Money Deposit…

Source: https://www.housingwire.com/articles/many-homeowners-dont-understand-their-escrow-account/ According to a recent survey, only 52% of homeowners fully understand how their escrow account works. The survey also found that…