Title insurance is not required by law but is usually required by lenders; and is always a good idea for homeowners. Even when a title search is conducted, title insurance is necessary in case there are defects in title that …
No Attorney Fees on Real Estate Purchases or Sales if Transaction Falls Apart in Offer, Contract or Inspection Phases
That’s Right; If you hire Glouzgal Law PLLC to be your real estate attorneys, we will review and advise on the following at NO CHARGE: Real Estate Agency/Brokerage Exclusive Right to Represent Agreements or Listing Agreements; Real Estate Agency/Brokerage Dual …
Updating Real Estate Land Records to Reflect a Name Change
What Happens To My Real Estate Mortgage and Deed if my name changes? Often, we run into a scenario where an individuals name changed after they purchased or otherwise took title to a real estate property. This can happen for …
COVID Price Increases on Connecticut & New York Real Estate Could Help Borrowers with Private Mortgage Insurance (PMI) WITHOUT Refinancing
One of the benefits that may come out of the entire COVID Pandemic mess is the increase in local real estate prices across New York and Connecticut. Not only are homes worth more and have become easier to sell to …
Rate Change for Title Insurance on Connecticut Real Estate as of February 3, 2020
Due to significant increased costs in doing business, namely when it comes to regulatory compliance, Connecticut Attorneys Title Insurance Company (CATIC®) recently requested and have been approved for a rate change on title insurance on real estate in Connecticut. This …
Gov. Lamont Proposes New Taxes on Legal and Real Estate Services
Also Increases Conveyance Tax On Expensive Homes First-term Governor of Connecticut, Ned Lamont, is introducing a new bill – to implement his proposed budget – that would expand the sales tax on services in Connecticut to legal and real estate …
Why Do I Have To Pay A Capital Contribution To The Condominium Association When Buying A Condo In Connecticut?
Capital Contribution to HOA Closing Costs Paid to Condo Association Today, I had a closing with a client n a condominium in New Milford. The particular condominium association (or home owners association, commonly called “HOA”) had a condition to buying …
CHFA Loans – Connecticut Housing Finance Authority Mortgage Assistance
CHFA Mortgage Assistance for Connecticut Home Buyers The Connecticut Housing Finance Authority, or CHFA, provides mortgage assistance programs to homebuyers in Connecticut. To receive CHFA mortgage assistance, you must be a first-time homebuyer or buying a home in a revitalization zone …
Federal Housing Finance Agency “FHFA” Raises FHA Loan Limits for 2017 – First Increase Since 2006
FHFA Announces Increase in Maximum Loan Amounts for Conforming “FHA” Mortgages There is some good news for those people looking to buy a home in 2017. The Federal Housing Finance Agency, or FHFA, has announced that for the first time …
What is the Connecticut Real Estate Conveyance Tax?
What is a real estate conveyance tax? A real estate conveyance tax is a tax paid by the “Transferor” in a real estate transaction, typically this is a Seller. However, there are some clever Sellers that put the burden of …