Short Sale Tax Relief Exemption for Tax Liability Created by Short Sale Debt Forgiveness The Budget Bill signed into law by President Obama on December 18th, 2015, has received a lot of coverage in the news for many reasons. One of …
Short Sale Impact On Homeowners Credit Score
The Impact of Short Sale on the Credit Score of the Homeowner What is the impact of short sale on the credit score of the homeowner? When a homeowner cannot make their mortgage payments, for whatever their personal reason is, …
Power of Attorney for Real Estate Transactions
Power of Attorney When Buying or Selling Real Estate Authorizing Somebody Else to Act on Your Behalf A power of attorney is the term used for an express authorization allowing somebody else to act on your behalf for a specific …
Title Search and Title Insurance When Purchasing or Refinancing Residential Real Estate
Title Search and Title Insurance in a Purchase or Refinance of Residential Real Estate Lender Requirements and Buyer Protections When you are buying residential real estate, you are paying money in exchange for title to the property. It is in …
Attorneys for Young Professionals
Attorneys for Young Professionals Let us be your lawyers for life! At Glouzgal Law PLLC, we are a firm comprised of three attorneys in their thirties. As young professionals ourselves, we are able to cater to other young professionals such as doctors, …
Connecticut Attorney Title Insurance Company Raises Cost of Title Insurance for the First Time Since 1992
6% Increase In Title Insurance Premiums from CATIC First Title Insurance Premium Increase in 23 Years When you are buying a home or refinancing, you are required by the lender to purchase title search so that the ownership of the …
Occupancy Affidavit When Buying a House – The What, Why, and So What?
Occupancy Affidavits When Buying a Residential Property What is an Occupancy Affidavit? Why is it required? What can happen if it’s not honored? When you buy a residential property, your bank will require you to sign an Occupancy Affidavit or Occupancy Agreement. This …
Town of Bethel Approves 71 Home Toll Brothers Development Named “Bethel Crossings”
Driving past the Bethel Police Station, one quickly notices that work has recently begun on a new development on Maple Avenue and Maple Avenue Extension. The development, named “Bethel Crossings”, shall consist of 71 two store single family homes on …
What Loan Changes Trigger the Mandatory 3 Day Closing Review?
While the new Closing Disclosure rules set out by the Consumer Financial Protection Bureau (“CFPB”) have been delayed until October 1st, the question of whether the new closing procedures will delay their closing is still an issue for many new home …