Can I Modify My Existing Mortgage Instead of Refinancing?
Dear Sandy, I chose an adjustable rate mortgage in 2003, interest only, based on the LIBOR index. The…
How Am I Taxed in an Installment Sale?
Installment sales are used to help spread out capital gains on a property for a period of more…
What Happens When My Rental Apartment Is Converted to a Condominium?
Amy Silk has been renting her extra large one bedroom apartment on Village Boulevard in North Palm Beach,…
What happens to the mortgage if I inherit the property?
If you inherit a property in which there is a mortgage, under the federal law called the Garn-St….
How Do I Get a Copy of My Credit Report?
If you have been denied credit in the past 30 days, you have the right to request a…
I Am a First time Homebuyer. Is There a Special Loan for Me?
Many lenders participate in the Community Home Buyer’s Program, sponsored by Fannie Mae, which is specifically tailored for…
Is There Another Way to Hold Title Which Is Unique to Husband and Wife?
Another way to hold title which is unique to husband and wife is Tenancy by the Entireties. Tenancy…
What are Contingencies and Why They Are So Important
A contingency is a condition in a Purchase Agreement which states that the agreement is reliant upon certain…
I’ll Fix The Roof After Escrow Closes
Often it may occur that the property you are buying, upon inspection, reveals a problem that needs correcting….
What is a Trust and Should I Create One?
A trust is an arrangement which dictates how your assets are to be managed and distributed. Trusts are…
How You Close on a Mortgage Is Your Call
By Sandy Gadow Special to The Washington Post As the record-setting volume of home purchases and mortgage refinancing…
What Are Fannie Mae Guidelines and Will I Qualify?
Your lender or mortgage broker may refer to “Fannie Mae Guidelines” when asking you for documentation supporting your…
Do I Need a New Title Policy When I Refinance My Mortgage?
You will not be required to obtain a new Owner’s Title policy when you refinance your mortgage, but…
What are the three types of easements?
Many properties have easements, often laid out when the subdivision was created. These easements may be for public…
Finding Hidden Costs on Your Closing Statement
** This article has been updated for 2025 ** Click here to read the updated article – Look…
How can the Right of Rescission Protect Me?
The Right of Rescission is a protection given to borrowers under the Truth in Lending Act. This right…
What is the Tax Exclusion Rule for the Sale of a Residence?
The Taxpayer Relief Act of 1997 has replaced the old Rollover Residence Replacement Rule, IRS Code Section 1034,…
What is the First of the Three Most Important Documents My Escrow Officer Will Need?
Your escrow officer or closing agent will refer to three main documents to act as the roadmap to…