A case of Mistaken Identity: Assumption vs. Subject To Mortgage Both involve the sale of a property without paying off the underlying mortgage. With an assumption, the buyer agrees to become personally liable for any deficiency judgment upon default; subject to...
Based on a random sampling of membership of the National Association of REALTORS®, the annual Member Profile strives to answer the question: Who are REALTORS®?
Chain of Title vs. Cloud on Title The chain of title reveals the succession of owners in the history of a property, whereas a cloud on title is a defect or impairment in the title. Chain of Title -- The recorded history of matters that affect the title to a...
Making home ownership a new property class.
In an article on REALTOR.org, Carolyn Schwaar asked a question that is drawing a lot of attention these days. – “Can local MLSs launch public-facing listing portals that compete with the major home sites?” Walt Baczkowski, CEO of the San Francisco Association of...
Adding Lockbox To the Equation There have been a ton of articles this week concerning the Zillow acquisition of Showing Time for a cool half-billion dollars. My eye caught an article in Inman that noted “Before the consumer even begins the transaction, there are...