December 12th, 2011
As the end of 2011 approaches it is a good idea to be mindful of some dates and deadlines so you can be sure your escrow closes on time.
The King County Courthouse, Chicago Title, and the banks are all closed on December 26th 2011 and January 2nd 2012 for the holidays. This means nothing can [...]
May 16th, 2011
The following is a case of fraud taken from our Fraud Insights newsletter for May.
Careless Whispers
An escrow officer with Chicago Title’s Skokie, Ill. office, was conducting a signing without the buyer or seller in the room. To set the stage, the signing ceremony was being conducted with both the buyer and seller’s [...]
September 26th, 2010
Watch out for this one gang. As we see more short sales, this addendum may cause us all some headaches unless we understand it clearly. In the past, people have sold their homes, gotten their cash, paid their bills and moved on. Now, in the event of a short sale, there isn’t [...]
August 9th, 2010
Short sales comprise around 30% of the closings we see in our office and there doesn’t appear to be an end in sight! In talking with agents, I find they either want to know everything about them or want to avoid them like the plague.
If you are considering dipping your spoon in the short [...]
July 14th, 2010
Since many homeowners may not understand what a short sale is, they may not be aware of how a short sale on their home may be a better option for them than a foreclosure.
First of all, a short sale may be an option when a homeowner finds himself in financial difficulties and facing the possibility [...]
June 17th, 2010
Now that we have all been using the new 2010 HUD for the past few months and are trying to get more comfortable with it, I thought I’d post this FAQ sheet to answer some more questions.
This FAQ is designed to make it easier to read the 2010 HUD for transactions in the State of [...]
April 30th, 2010
How do you really feel about the 2010 HUD? Have you looked at the 2010 HUD and said to yourself “My commission’s missing” or “This isn’t the total of my lender/mortgage broker fees”? Don’t worry, that’s the way it’s supposed to look. The 2010 HUD is no longer a simple detailed list of anyone’s fees. [...]
March 22nd, 2010
Yes…It’s That Time Again! Tax Season!
As a professional real estate agent, there are many tax deductions that you can potentially claim as business expenses. It’s always a good idea to contact your tax advisor or accountant if you have any questions.
Here are Some Common Tax Deductions for Real Estate Agents:
Advertising Costs: Signs, newspaper advertising, flyers, [...]