By Sammer Mudawar First, I would like to start by making it clear: I am not an attorney and nothing herein (legal word) should be construed as legal advice. This is a simple narrative on how common sense and sound business practices can help avoid some very common situations that can lead to legal problems in our profession. These opinions …
The Additional Expenses of Buying a HUD Foreclosure
By Lynn Minnick Although I’ve been in real estate for 10 years now, I just closed on my first HUD foreclosure. We haven’t had that many in my market (yet!) and so far I’ve somehow managed to avoid them. I almost fell out of my chair at the closing when the HUD attorney handed me a survey to complete regarding …
Too Much Disclosure: Be Careful!
By Cory Brewer An agent in my office recently had a deal where the clients on the other side of the transaction carelessly posted information online and it ended up costing them, BIG TIME. When selling a house, it’s very important that the seller provide full disclosure about its condition. When purchasing a house, it’s very important that the buyer …