All money changing hands between the Parties must be reflected on the settlement statement and approved by the Buyer’s lender. Before negotiating any…
Read MoreWhy Adding your Kids to Title is Generally a Bad Idea...
People will frequently ask to add their kids to title of their house. While it may seem like this protects your child, any…
Read MoreEarnest Money Deposit: FAQ's on the NVAR Contract
What if the Earnest Money Deposit Deadline is missed? The Northern Virginia Association of Realtors (NVAR) Contract specifies that the Earnest Money Deposit…
Read MoreMany Homeowners Are Baffled By Escrow Accounts
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…
Read MoreThe Importance of RESPA Compliance
Source: https://www.attorneygeneral.gov/taking-action/attorney-general-henry-files-lawsuit-against-mortgage-brokers-who-conspired-in-kick-back-scheme/ Pennsylvania’s Attorney General filed a complaint against a Lehigh Valley-based mortgage broker and their manager regarding a kick-back scheme that involved…
Read MoreFraud Warning: Fraudsters Posing As Mortgage Lenders
Source: https://www.fcc.gov/document/fcc-eb-issues-c-cist-classification-green-mirage There are so many types of fraud that real estate professionals should be aware of: wire fraud, title fraud, mortgage payoff…
Read MoreTop Trends for 2025: Predictions For The Real Estate Industry
As we step into 2025, the real estate industry continues to evolve. Wondering how you can stay ahead of the curve? As one…
Read MoreLender Perspective: How AI Is Transforming The Future Of Mortgage Lending
Maybe the single most talked about topic in any industry today is AI (Artificial Intelligence). For some this is a new technology, and…
Read MoreProtect Your Most Valuable Asset With Owner's Title Insurance
When it comes to buying a home, there are countless details to consider, from securing a mortgage to selecting the right property. Amidst…
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