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, …
What is the CFPB Closing Disclosure Addendum to Real Estate Purchase & Sale Contract
What is the CFPB Addendum and Why is it Necessary? The CFPB Closing Disclosure addendum is a document that is often attached to standard form real estate purchase and sales contracts after October 1, 2015. It became necessary because the …
Do I Need a Real Estate Closing Attorney to Sell My Home?
Selling a Home in CT? You Need a Real Estate Closing Attorney If you are looking to sell your home, you may or may not want to hire a real estate agent, but you will definitely want to hire a …
Why Do I Need a Real Estate Closing Attorney to Buy a House?
Buying a House in CT or NY? You will need to hire a Real Estate Closing Attorney If you are looking to buy a home in Connecticut or New York, you will need the services of a real estate closing …
Hazard Insurance Delays Real Estate Closings Under New TRID Laws
Hazard Insurance may Delay Your Real Estate Closing Under the new TILA/RESPA Integrated Disclosures (“TRID”) real estate settlement practices, consumers (those taking out a mortgage to buy a home) must receive and acknowledge the Closing Disclosure, a document showing where all …