Key TakeawaysFIRPTA (Foreign Investment in Real Property Tax Act) requires buyers purchasing from foreign sellers to withhold 15% of the…
Key TakeawaysTenancy in common (TIC) is a co-ownership arrangement where each party holds a distinct, divisible share of a property…
Key TakeawaysA cloud on title is any defect — lien, clerical error, unknown heir, encroachment, ownership dispute, or fraud —…
Key TakeawaysThere are 12 types of real-estate deeds; the seven most common are quitclaim, deed of trust, warranty (general and…
Key TakeawaysAn adjustable-rate mortgage (ARM) starts with a fixed interest rate for an initial period (3, 5, 7, or 10…
Key TakeawaysA VA Renovation Loan (also called a VA Rehab Loan) lets eligible veterans finance both the purchase and renovation…
Key TakeawaysWhile home-buying superstitions are cultural traditions, the financial and legal steps of due diligence — title search, inspection, survey…
Key TakeawaysThe VA offers several loan types: purchase loans, Interest Rate Reduction Refinance Loans (IRRRLs), cash-out refinance loans, and VA…
Key TakeawaysA special warranty deed only guarantees clean title for the time the current seller owned the property — not…
Key TakeawaysAn accessory dwelling unit (ADU) is a secondary housing unit on a single-family residential lot — attached (in-law suite,…