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POST POSSESSION: SHOULD YOU DO IT?

Last week I discussed some of the pros and cons of pre-possession as I see them. Today I will discuss short term Post Possession issues. Post possession takes place when a seller still occupies the house after close of escrow. Usually this arrangement spans a few days, weeks or at most a few months. I’m […]... Read More
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Pre-Possession Is More Common Thanks to TRID: Should you do it?

Pre and post possession of a home used to be fairly rare. Well, now thanks to TRID, concurrent closings are almost impossible and pre/post possession is more common. With this new trend comes an increase in risk to the buyer, seller and real estate agents. This post will discuss Pre-Possession. Pre – possession of a […]... Read More
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Energy Efficient Mortgages, FHA buyers and Leased Solar Systems

I was fortunate last week to be a breakout session speaker at the Arizona Association of REALTORS® spring conference in Prescott, Arizona. My presentation was Solar: Burning Up the Deals. As you can guess from the title, the subject was solar systems and how they affect buyers, sellers and real estate agents during the real […]... Read More

SOLAR: Buying or Selling a House? How Valuable Is It?

Solar. The Federal and some State governments give all sorts of incentives to manufacturers, installers, utility companies and homeowners. They have even underwritten and subsidized to a great extent the expansion we have seen over the past 7 years. But does it make sense for buyers and sellers of real estate? Some solar companies advertise […]... Read More

MORTGAGE DEBT RELIEF ASSISTANCE ACT EXTENSION PASSED BY CONGRESS

On December 18, 2015 Congress passed the omnibus appropriations bill. Contained in that bill was an extension of the Mortgage Debt Relief Assistance contained in the Mortgage Forgiveness Debt Relief Act of 2007. The good news is distressed homeowners who sell their house in a short sale will not have to then pay income tax […]... Read More

Tools Sellers Can Use to Sell for More, Without Banks, FICOs or the Government

Seller’s market or Buyer’s market? It depends on what you are selling and where you are selling it. It is increasingly difficult to get FHA, Fannie Mae, Freddie Mac or other federally backed financing for condos. Lending guidelines for boomerang buyers have become more restrictive with longer wait times and young first time homebuyers with […]... Read More