Sole ownership - may be described as ownership by an individual or other entity capable of acquiring title. Examples of common vesting cases of sole ownership are below: A Single Man/Woman - A man or woman who is not legally married or in a domestic partnership. For example: Bruce Buyer, a single man. An Unmarried Man/Woman - A man or woman who is not legally married or in a domestic Continue Reading
Archives for March 2014
Are you up to speed on the Qualified Mortgage rules?
Ability to Repay/Qualified Mortgage (QM) Rule The new ATR/QM rules created by Dodd-Frank Wall Street Reform and Consumer Protection Act went into effect on January 10, 2014. Congress created the CFPB to make sure financial markets work for consumers. The CFPB created rules for mortgages and consumer financial products. A Few Key Points about Qualified Mortgages: Limits on loan features No Continue Reading
Home Improvements That Add the Most Value
Many sellers want to know they will get a good Return on Investment (ROI) for any remodeling done on their home. Considering our mountain climate, I always suggest replacing windows and other energy efficient upgrades. I do not recommend replacing or adding carpet. Today's buyers want wood or tile floors. Click link below to check out a great article written by Collen Kane which gives estimates Continue Reading
