TILA-RESPA INTEGRATED DISCLOSURE RULE PRIMER
Loan officers, attorneys and borrowers alike should take notice when loan document notice requirements change. Loan officers and...
A SMART INVESTMENT IN UNSECURE ECONOMIC TIMES, PURCHASE MONEY FINANCING
A Seller stepping into the shoes of an institutional lender is a creative way to ensure that a Purchaser will be able to buy a home. For...
WHAT THE HECK IS A CEMA??
What is a CEMA mortgage? Under New York State law, a borrower of mortgage loan secured by real estate can be exempt from the payment of...
LAVENDERLAWBLOG POST: AMENDMENT TO REAL PROPERTY LAW – MORTGAGOR RIGHT TO RECOVER LEGAL FEES
I received an email from Stewart Title Insurance Company concerning a bill that was recently signed into a law to allow borrowers in a...
PURCHASING A CONDOMINIUM BUYER BEWARE . . . NOT REALLY, JUST DO YOUR HOMEWORK
The real estate economy is slowly picking up encouraged by an abundance of condominium units on the market, Sellers motivated to move...
LAVENDERLAWBLOG POST: FIRST TIME HOME BUYERS TAX CREDIT APPROVED BY CONGRESS
I know it seems as if I am milking the first time home buyers tax credit (this is my third post about it). Although not a cure-all, I...
FHA 203K MORTGAGE LOANS
One of the more popular loan products out there is the FHA 203K Mortgage Loan. This loan is a combination acquisition (or refinance) and...
LAVENDERLAWBLOG POST: THE MDIA COULD DELAY YOUR CLOSING
As of July 30, 2009 certain provisions of the Mortgage Disclosure Improvement Act (“MDIA”) went into effect. Although enacted to protect...
LAVENDERLAWBLOG POST: FIRST TIME HOMEBUYER TAX CREDIT TO BE EXTENDED . . . . GETTING CLOSER!!
As you may recall, there was a movement to extend the American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to...
LAVENDERLAWBLOG POST: 1031 LIKE-KIND EXCHANGES AND YOUR TAX RETURN
Pursuant to section 1031 of the Internal Revenue Code, taxpayers are able to defer the gain from the sale of investment property...
LAVENDERLAWBLOG POST: FIRST TIME HOMEBUYER TAX CREDIT TO BE EXTENDED . . . . MAYBE
The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8000.00 for qualified first-time home buyers...
FINANCING YOUR PURCHASE
Unless you have the cash to buy a home, determining the amount and type of loan and who to obtain it from is one of the most important...