The Preferred Blog
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Cash Deals Are Changing: Understanding the New FinCEN Rule
If you have been hearing about a new federal rule impacting real estate transactions, you are not alone. When news of the FinCEN Real Estate Reporting Rule began circulating, agents generally had one of two reactions. Some assumed it would not affect their deals. Others believed it sounded overly complicated. The reality falls somewhere in between. For most transactions, this rule will not meaningfully change the closing process. However, for...
Cash Deals Are Changing: Understanding the New FinCEN Rule
If you have been hearing about a new federal rule impacting real estate transactions, you are not alone. When news of the FinCEN Real Estate Reporting Rule began circulating, agents generally had one of two reactions. Some assumed it would not affect their deals....
Why The Value of Title Insurance Is Hard to Explain
One of the most common moments of hesitation I see at the closing table happens when a buyer or seller scans the settlement statement and pauses at the line item for title insurance. Agents know that it is important, lenders require it, and attorneys recommend it, but...
How Hurricane History Can Devastate Your Florida Property’s Title
Living in paradise comes with a price, (well, besides for higher car insurance)... It's hurricane season. And, while you might worry about storm shutters and flood insurance, there's a quieter threat that most Florida homeowners don't see coming: How hurricane history...
This is What Happens at Your Real Estate Closing
A Step-by-Step Guide Woo Hoo, you've made it! You've found your dream home, survived the negotiations, and navigated the mortgage process. Now comes the final hurdle: closing day. For many buyers and sellers, this is the most mysterious part of the transaction. Will...
Why Commercial Real Estate Closings Are More Complex Than Residential
Buying or selling commercial property isn't just a bigger transaction; it's a completely different ballgame than residential real estate. From due diligence to financing, the process is longer, riskier, and packed with pitfalls that can derail deals. Here's 5 reasons...
Avoid costly surprises: Check your liens, heirs, and encroachments first
Buying a home is exciting! That is until a few surprise liens, a property line dispute (encroachments), or a few long-lost heirs pop up. These title issues (or title defects) can delay your closing, increase your costs, or even jeopardize your deal closing. So, how do...
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