Sign on the Digital Dotted Line

Written on April 18, 2014 at 12:02 pm

Mortgage closings are coming into the digital age as transactions are going paperless with e-signatures accepted at the Federal level. “In an electronic age, mortgage closings stand out as particularly cumbersome transactions. Come closing day, hundreds of pages of paper land in a thump before the borrower, who must then physically sign and initial them  Read More Read More...

96% of Markets Better Off Than in 2010

Written on April 2, 2014 at 8:58 pm

A new report by RealtyTrac shows that 96 percent of the counties that they track are better off than they were four years ago. But still, there’s a ways to go in the housing market, with only 8 percent of the 410 U.S. counties analyzed faring better than they did during the housing boom eight  Read More Read More...

How Much Real Estate $1 Million Buys You in Every Major U.S. City

Written on March 19, 2014 at 2:24 pm

How much housing you can buy with a million dollars very much depends on what city you are looking to buy in.  According to Knight Frank data cited by CNBC’s Robert Frank, a million dollars goes a lot further in Cape Town, South African, than it would in Monaco.  But what about in the U.S.?  Read More Read More...

New legislation capping flood insurance premiums

Written on March 6, 2014 at 5:48 pm

House Passes U.S. National Flood Insurance Change: The U.S. House passed legislation trimming premiums for government-sponsored flood insurance that proponents say have dampened real-estate markets in coastal areas.  Source: Bloomberg news article By James Rowley Mar 4, 2014 7:06 PM ET.  Read more >> Read More...

A Nonprofit Lender Revives the Hopes of Subprime Borrowers

Written on March 6, 2014 at 2:09 pm

“. . . the Neighborhood Assistance Corporation of America, has $10 billion in funding from Bank of America to make loans on its own terms over the next decade. It does not require down payments. It does not consult credit scores. Its loans all carry interest rates below 4 percent.  It has enough money to mint  Read More Read More...

Retiring on the House

Written on February 18, 2014 at 2:57 pm

As baby boomers age, reverse mortgages are expected to gain popularity as a means of covering living expenses. Hence, in the future, more homes passed on to children will come with a bill attached — the balance due on these equity loans.  Source: New York Times, 2/13/14.  Read more >>> Read More...

Revisions to NJ Limited Liability Law become final on April 1, 2014

Written on February 7, 2014 at 11:48 am

Read more: NJ LLC laws revised Read More...

Strong Mercer County real estate market bolstered by low unemployment rate

Written on January 29, 2014 at 5:40 pm

Local business leaders gathered for a Princeton Regional Chamber of Commerce panel discussion on the future of real estate – both residential and commercial – in both Princeton and the greater Mercer County area, with each of the 3 guest speakers forecasting a solid 2014. Read more >>> Source: The Times of Trenton, January 28,  Read More Read More...

Upcoming mortgage market rules highlighted by National Association of Realtors’ Director Richard Cordray

Written on January 29, 2014 at 9:45 am

“ there will be big differences between last year and this year in the mortgage market, with the advent of new mortgage rules that Congress required our new agency to write against a hard statutory deadline. That was a great deal of work for us and I know it has meant a great deal of work  Read More Read More...

Closing Process Is Next on the CFPB’s ‘To-Do’ List

Written on January 27, 2014 at 10:52 am

Like the battery featured in an old television ad, the Consumer Financial Protection Bureau (CFPB) “just keeps going and going and going.” . . . Now the agency is turning its attention to real estate closings. Given CFPB’s history to date, title agents should be, if not afraid, then certainly aware—very aware—of what the agency is  Read More Read More...