There was great news this week for Orange County, CA home owners and home buyers as Congress agreed to extend the “high” loan limits for another year. On October 29, Congress announced the limits would remain in place through the end of 2010. Only 2 years ago the maximum Conforming loan limit for Orange County [...]
Archive | October, 2009
$729,750 Loan Limits for FHA, Fannie Mae and Freddie Mac Extended through 2010 for Orange County, CA
Setting the Stage
When selling your home, the best thing you can do is stage it for prospective buyers. Staging is simply preparing your home in a way that creates buyer interest, and it can make a dramatic difference in the selling price and the speed of sale. Try these quick staging tips: Make the exterior of our [...]
Seller Escapes Liability for False and Misleading Disclosure Statement
Seller Escapes Liability for False and Misleading Disclosure Statement By Brian Madigan LL.B. This was a case heard in the Supreme Court of British Columbia and it involved the Property Condition Disclosure Statement. Briefly, the plaintiff as purchaser acquired a condominium unit for $133,000 but the unit leaks, as do others in the complex. Obviously, [...]
What Every Borrower Needs to Know About the Latest Truth in Lending Act (TILA) Changes
One of the things I’m most happy to educate mortgage borrowers about are the protections put in place to make sure their lending experience goes as it should. As such, I wanted to address one of the most powerful protections in place today – the Truth in Lending Act (TILA). The history of the Truth [...]
Utah Home Sales Up, Prices Down
Single-family home sales are up along Utah’s Wasatch Front. Median prices are down. Utah’s housing market is correcting and the future is bright.
Tax Credit Clowns Come to the Housing Circus
Supposed first-time home buyers are finding new ways to defraud the government by filing false claims for the Fed’s First-Time Home Buyer Tax Credit.
Use of Surveys for Subdivisions
The Use of Surveys for Subdivisions in Ontario By Brian Madigan LL.B. Ontario Land Surveyors are called upon to prepare three kinds of surveys for the division of property by subdivision: 1) M-Plan, 2) Registered Plan, 3) Condominium Plan Upon registration in the Land Registry Office, these surveys divide property into lots or units and [...]
Florida Mortgage Update: What the Media Missed About September’s Home Sales Reports
Florida mortgage borrowers may have been mislead to some degree by recent newspaper headlines touting home sales numbers. After the September New Home Sales report indicated that home sales volume was down from August, the mainstream media immediately released stories like the following: New Home Sales fall a surprising 3.6% Surprise Drop In New Home [...]
Business Partners ~ The Key to Success
Business Partners ~ The Key to Success By Brian Madigan LL.B. Many entrepreneurs and small business owners frequently search for the key to success. The answer is often quite simple: get the right business partners. There are two types of partners: 1) external, outside partners, and 2) internal, inside partners. The first type is easy. [...]
Steps in the Process of Preparing a Land Survey
Steps in the Process of Preparing a Land Survey By Brian Madigan LL.B. When an Ontario Land Surveyor prepares a Surveyor’s Real Property Report, there are certain basic steps that must be followed: Research • a search of title of the subject lands • a search of title of the abutting properties • a search [...]
AZ Short Sales-Statistically Speaking
AZ Short sales are here to stay. As homeowners understand their options in today’s difficult climate, more and more families are opting for short sales over going into foreclosure. With 3/1 ARMS and 5/1 ARMS coming due, many homeowners will be faced with increased mortgage payments as their interest rates adjust. This will cause many [...]
Home Improvement Projects that Pay off
Even with home values falling off over the last year, it still pays to remodel, renovate and update. After all, there is no better way to instantly increase the value of your Las Vegas home than through remodeling. According to REALTOR magazine, homeowners can expect to recoup an average of 67.3 percent of their investment, [...]
The Four Basic Types of Surveys in Ontario
The Four Basic Types of Surveys in Ontario By Brian Madigan LL.B. Ontario Land Surveyors are called upon to prepare four basic types of survey: “1)Plans of Subdivision (M-Plan, Registered Plan, Condominium Plan) Upon registration in the Land Registry Office, these surveys divide property into lots or units and set out boundaries for the first [...]
Ontario Land Surveyor’s Real Property Report Explained
Ontario Land Surveyor’s Real Property Report Explained By Brian Madigan LL.B. A Surveyor’s Real Property Report is a graphical representation demonstrating the location of all visible public and private improvements in relationship to the boundaries of the property. It is a plan or illustration of the various physical features of the property together with a [...]
What is a Land Survey?
What is a Survey? By Brian Madigan LL.B. This is a simple and straightforward question but many people are not entirely sure of the answer. A Survey is more than a document. It is a project, an activity, an undertaking by a qualified land surveyor. It is not a piece of paper outlining the location [...]
5 Things to do Before Listing Your House
Thinking of selling your home? Here are 5 things to do prior to listing your home. 1) Make sure you really want to sell. Yes, the market is improving. In many areas of the country it has become easier to sell a home. However, most cities still have too many homes on the market. If [...]
Common Law Marriages and the Ontario Family Law Act
Common Law Marriages and the Ontario Family Law Act By Brian Madigan LL.B. True common law marriages are just like every other marriage. However, they are very rare. Oddly, the expression “to live common law” refers to a marriage of presumption in England. If two people (definitely opposite sex at the time) lived together continuously [...]
The Toronto Real Estate Market in June 2010
Where’s the Real Estate Market Going From Here? By Brian Madigan LL.B. On October 20, 2009, the Bank of Canada agreed to hold interest rates at 0.25% until mid 2010. Effectively, that’s the next three quarters. The central bank wants to control the value of the loonie compared to the US dollar. That will aid [...]
Forclosures and the VA Loan
Military homebuyers nationwide are getting squeezed out of the foreclosure market by a combination of the VA’s strict property and purchase requirements and a crush of cash buyers. VA home loans have helped more than 18 million veterans and their families purchase homes since World War II. These low-cost loans do not require a down [...]
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Carmen Brodeur: Very interesting! I better go buy more wrinkle cre...
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Ria Grace: What is good of having custom home is that you can...
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Patrick: A great online property management forum is agents...
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Kyle Pearce: Unfortunately, in every industry, there are some w...
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$10000 California First Time Home Buyer and New Home Tax Credit Extended
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Unite Against the Sarasota MLS Board
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Short Sale Heaven Coming April 5th 2010
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The Lones Group – Real Estate Social Media Marketing Firm – Sues Agent For Being A Zebra
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California Senate Bill 94 (SB94): Passes; Not even Attorneys can do it!
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