Weeds, a Clown, and a Seller Walk Into Court… Transparency Series #23 HOA documents aren't exactly exciting reading. Until they are. I represented a buyer purchasing a home in an HOA. My buyer lived out of state, and during the transaction we received information from the HOA indicating that the seller was not in compliance. The problem? Weeds and...
HOA-CIC Documents — The Most Important Papers Buyers Rarely Read. CIC documents make great bedtime reading—just don't be surprised if they give you nightmares later. Every buyer purchasing a home that's part of a homeowners association receives a stack of documents during the transaction. Most people glance at the cover page, see words like Bylaws or Declaration, and set them aside for later....
Every Real Estate Transaction Is a Puzzle-Transparent Series 19 I'm currently preparing an estate property for the market. Like many estate listings, that means coordinating movers, staging, window cleaning, exterior maintenance, previewing comparable homes, and helping the executor sort through a lifetime of belongings. None of that surprised me. I wasn't surprised that the HOA would be part of...
Everyone Likes Surprise —until it's the wrong surprise Transparency Series-18 Last week we talked about things consumers didn't know until they were already living through them.Short sales.Foreclosures.Mortgage insurance.Rules buried in paperwork that didn't become real until the consequences showed up.But not every surprise happens after you own the home.Sometimes the biggest...
The American Dream didn't come with a warning label. Many homeowners discovered that mortgage insurance protected the lender, not them, and that short sales and foreclosures could have financial consequences long after they left the home.
When housing stopped being local Part 16 of the Real Estate Transparency Series To start at the beginning of my Transparency Series, go here. Part 1 During the foreclosure crisis, I learned something that changed the way I look at real estate. I learned what happens when the people making decisions about a home have never actually seen it. At first, that...
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