Rest Easy Rundown
Material Defects in NC Real Estate Titles: What Every Buyer Should Know
The Standard Forms 2-T and 12-T Offers to Purchase and Contracts used in North Carolina describe what duties the seller has with regards to the title conveyed with closing. That information is contained in Section 8(g) of Form 2-T and 6(g) of Form 12-T, both of which...
3 Common Fraud Schemes in a Real Estate Transaction
As we approach St. Patrick’s Day, it’s a good reminder to stay on guard against all types of fraud – especially the kind that could rob you of your hard-earned money or assets, like a thieving leprechaun! As we settle into 2025, many of us are positioning ambitious...
Assumable Mortgage: Why You Shouldn’t Assume Any Loan Can Be Assumed
In the context of assumable loan discussions, the conversation often surrounds government backed loans (i.e. VA, FHA, USDA). A buyer and seller can undertake the process of having the seller's loan servicer consider an application and request for a buyer to assume...
The Importance of Mortgage Satisfactions
(I Can't Get No) Satisfaction... A phrase you hope to never use as a seller. The Rolling Stones famously lamented "(I Can't Get No) Satisfaction," and for many real estate sellers, that sentiment can ring true when it comes to mortgage satisfactions at closing....
Property Vesting in NC: An Overview of TIC, JTWROS, and TBE
A common question with every closing involving two or more buyers is “How would you like the property to be vested”? There are several factors to consider when choosing vesting, but to begin, it is important to know some key features and differences between each type....
Interest Rates May Drop, Are You Prepared?
You may be wondering why I am mentioning refinances now when all we have seen are high interest rates. If you own a home and you closed in the last couple of years, you should really start getting prepared. Rates may drop in the next six months and you should know at...
3 Common Mistakes You Need To Avoid When Drafting An Offer To Purchase And Contract
By the time my office gets a contract for a closing a lot has happened that we are typically not a part of and truthfully, after reading this blog, I hope changes for many people. One of those particularly important things is the execution and drafting of the...
A Business Owner’s Guide To An Operating Agreement
The initial stages of organizing a new start-up can be a very exciting and overwhelming time for business owners. One of the most important considerations for a business owner during this time is how to internally structure the business. For limited liability...
Fraud Detection Alert: How To Protect Yourself
Realtors, Buyers and Sellers – be vigilant! As a party to a real estate transaction, you may be targeted by fraudsters and you must be extra cautious to protect yourself! Fraudsters can hack into your email account and they wait for big life events, such as buying a...
Equity Check
Listing agents, make sure you are getting an accurate idea of how much your sellers owe on their mortgage when listing. The idea that the payoff amount could warrant attention has been mostly an afterthought for the last few years in an environment of seemingly...
