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 …
What is a Real Estate Binder or Offer to Purchase?
How is a Binder/Offer to Purchase Different from a Contract? What is a Binder or Offer to Purchase? A real estate binder is an agreement that is commonly drafted by real estate agents. It is a document that contains all …
New Connecticut Fair Housing Notice Disclosure for Purchase or Sale of Multi-Family Real Estate
CT Multi-Family Purchase Disclosure Requirement Connecticut Creates Mandatory Disclosure Place Buyers of Multi-Family Real Estate On Notice of Equal Opportunity Housing Laws We live in a heavily regulated legal landscape. Often we perform a task we think is relatively simple, …
How Is Property Divided After A Divorce?
Division of Property After Divorce How will our property be divided? One of the biggest challenges that many couples face during a divorce is the division of assets, or property. Deciding how to split up marital assets and debts is …
Who will have Custody of the Child or Children After a Divorce?
Child Custody After Divorce Who will have custody of the children? Divorce affects different families in different ways. In any family where there are children, the issue of child custody is usually the most pressing. Therefore many of our initial …
Validation of Defective Documents Recorded on the Land Records
Can Land Records Documents be Valid if Defective? The land records of a town or county contain the relevant documents in regards to land ownership in the that location. Whenever buying or selling property, a title search must be performed …