Homebuyers can cut closing costs

We are the New Jersey title insurance agent that does it all for you. For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us, Vested Land Services LLC. We can help!

How Homebuyers Can Cut Closing Costs

Per MSN Money - 

You hear a lot about the down payment required to buy a home, but closing costs are also a significant consideration. You can’t eliminate all or even most of these costs, but there are steps you can take to reduce them.

There are some closing costs that can be negotiated and others that can't.  For instance, fees for title insurance in New Jersey are heavily regulated.  But you'll still find bad apples in the barrel (one of which is now involved in a massive class action) who overcharge.

So, the lesson to be learned is to ask what things cost!

Read the full article.

For your real estate purchase or mortgage refinance or

if you have questions about what you see here, contact

Stephen M. Flatow, Esq.

Vested Land Services LLC

165 Passaic Avenue, Suite 101

Fairfield, NJ 07004

Tel 973-808-6130 - Fax 973-227-0645

E-mail sflatow@vested.com

@vestedland

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Home buyer gets back his deposit

We are the New Jersey title insurance agent that does it all for you. For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us, Vested Land Services LLC. We can help!

What's a home buyer to do when the real estate purchase contract says one thing and the seller says it doesn't?

Some contracts for the purchase of real estate allow the buyer to cancel the purchase due to various contingencies.  The best known is the "mortgage contingency" where, if you don't get a mortgage within a certain  time frame, you, and sometimes the seller, can cancel the contract.

A recent court case involved a more difficult contingency - one where the buyer can cancel if she doesn't sell her present home.

For many attorneys representing sellers, this is a no-no.  But not in RIVERMOUNT DEVELOPMENT LLC VS. LIVINGSTON, et al, where the contract contained such a clause. When the buyer acted upon it, the proverbial stuff hit the fan.

In the end, the buyer won, but I can't imagine the costs to the buyer and its attorney financially and emotionally.

For your real estate purchase or mortgage refinance or

if you have questions about what you see here, contact

Stephen M. Flatow, Esq.

Vested Land Services LLC

165 Passaic Avenue, Suite 101

Fairfield, NJ 07004

Tel 973-808-6130 - Fax 973-227-0645

E-mail sflatow@vested.com

@vestedland

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Foreclosures and the greedy speculator

We are the New Jersey title insurance agent that does it all for you. For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us, Vested Land Services LLC. We can help!

Foreclosure grab blows up in face of investor

New Jersey's foreclosure market is hot.  Not in a good way.  There are still many homeowners who cannot maintain their mortgage payments.  The result is a foreclosure action and loss of home.

This case, Wells v. Walker, involved a speculator who knew more than he let on.  He convinced the foreclosed owner to deed the property to him knowing there was a lot of money to be obtained through surplus money proceedings.

The investor loses.

The moral, in the marketplace the bears sometime eat, sometimes it's the bulls. But the pigs, they get nothing.

 

For your real estate purchase or mortgage refinance or

if you have questions about what you see here, contact

Stephen M. Flatow, Esq.

Vested Land Services LLC

165 Passaic Avenue, Suite 101

Fairfield, NJ 07004

Tel 973-808-6130 - Fax 973-227-0645

E-mail sflatow@vested.com

@vestedland

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Natural gas and the homeowner. What's the alternative? Geothermal

We are the New Jersey title insurance agent that does it all for you. For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us, Vested Land Services LLC. We can help!

Geothermal heating for the homeowner.

The New York Times' Real Estate section reports on New York's ban on natural gas hookups.  This is a far cry from the days when natural gas utility companies were wooing oil-heating customers with slogans. such as,  "clean, dependable gas."  If you can't heat with gas, what are you to do?

How about geothermal energy?  What is it?  Per the Times, 

"Geothermal energy systems use a network of underground pipes, commonly referred to as ground loops, which circulate water and propylene glycol, a type of nontoxic alcohol, all year. During the winter, the ground loops absorb the heat from the earth, which stays steady at about 50 degrees Fahrenheit. The heated liquid circulating in the loop is pushed into a pump system inside the house that then produces warm air. In the summer, the pump sucks out the warm air in the home and pushes it back into the cooler ground."

Having said all of that, NY's recently enacted ban on new natural gas hook-ups may direct more homeowners towards the geothermal source.  After all, it doesn't disturb the environment, does it?

Real the full story, Converting to Geothermal Energy.

For your real estate purchase or mortgage refinance or

if you have questions about what you see here, contact

Stephen M. Flatow, Esq.

Vested Land Services LLC

165 Passaic Avenue, Suite 101

Fairfield, NJ 07004

Tel 973-808-6130 - Fax 973-227-0645

E-mail sflatow@vested.com

@vestedland

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Looking at Title Insurance - What is it, what does it do, Part I

We are the New Jersey title insurance agent that does it all for you. For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us, Vested Land Services LLC. We can help!

Title Insurance 101. A primer.

What is Title Insurance?

A title is the evidence or right in which a person has the ownership and possession of land. A defect in that title can be any legal right held by someone other than the owner to claim that property or to make demands on the owner of that property.

Title Insurance is protection offered to the owner of real estate and the mortgage or home loan lender against defects in the title of the real estate that is insured. The owner's title insurance policy guarantees the owner against loss due to defects in the title pursuant to the terms of the policy. Your investment in real estate, whether residential or commercial, is quite possibly the most important, and expensive, investment you'll ever make. An owner title insurance policy protects that investment. Your owner title insurance policy remains in effect for as long as you or your heirs retain an interest in the property or have obligations under a conveyed warranty.

Next up -  What is a "title defect?"  Stay tuned!

For your real estate purchase or mortgage refinance or

if you have questions about what you see here, contact

Stephen M. Flatow, Esq.

Vested Land Services LLC

165 Passaic Avenue, Suite 101

Fairfield, NJ 07004

Tel 973-808-6130 - Fax 973-227-0645

E-mail sflatow@vested.com

@vestedland

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