What Should Small Condominium HOAs Avoid?

What Should Small Condominium HOAs Avoid?

We tend to think of HOAs (Home Owner Associations) as governing bodies for newer subdivisions and large developments with shared amenities and costs. In these places, HOA membership is mandatory for homeowners, as are monthly dues. HOA dues are disclosed when...
What is Title Fraud?

What is Title Fraud?

Just like cars, homes have titles which are documents showing proof of ownership. If you are making mortgage payments and do not yet fully own your home, the title is held by the lender. When you make the final payment, the title to your home will belong to you. When...
What Should You Know About Escrow Companies?

What Should You Know About Escrow Companies?

You will most likely encounter an escrow company or process, when you buy or sell a home. An escrow company provides a neutral third party that acts like a secure holding place for funds “in play” during a property sale. While the funds are secured in a safe place,...
What Should You Know About Arbitration When You Buy a Home?

What Should You Know About Arbitration When You Buy a Home?

In the previous blog post we covered basic guidelines for reading home purchase agreements carefully. Now we’ll explore four potential landmines for buyers if the fine print is not clearly understood. Most real estate transactions go smoothly, but issues like breach...