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Real Estate Articles

Landlords sued and fined for housing discrimination

A New York landlord must pay a $15,000 settlement after refusing to let a mentally ill tenant keep her emotional support dog in her apartment, the U.S. Department of Housing and Urban Development has announced. This is an important issue for all landlords and homeowners across the country to keep on their radar. HUD regularly takes enforcement actions in situations involving discrimination against tenants. For example, earlier last year, the agency filed charges of housing discrimination

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Rise in home prices slowing down

The most recent data on home prices in 20 U.S. cities showed the slowest rise in four years, according to the S&P CoreLogic Case-Shiller index of property values. The data for the 20 cities covers eight months in row as of November 2018. The index increased 4.7 percent year over year. In the prior month, the rise in prices over the prior 12-month period was 5 percent. Despite the slowdown in the rise, all 20 cities

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When your neighbor’s vacation rental becomes a problem

Your neighbors are using their home as a vacation rental. That means you “enjoy” a steady stream of rotating people moving in and out next door. These short-term guests like to stay up late, party in the backyard, and play loud music. What can you do? Talk it over As with any dispute, begin by having a conversation with the property owner. They may not be aware their guests are regularly being disruptive. Offer to help monitor guest

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Where one-third of millennials get the money for a down payment

It’s no secret that the housing market is competitive, especially in big metropolitan areas. Winning a bidding war for the home you want can mean making a bid above the asking price, too. Where do young, millennial homeowners find the money for a down payment? According to a recent Bank of the West survey of more than 600 adults ages 21-34, one-third of homeowners either withdrew from or took a loan against their retirement savings. The

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Bias continues even with online mortgage lenders

It would seem that online mortgage lending would reduce discrimination against minorities, but a new study from the University of California, Berkeley, found otherwise. The study showed that both in-person and online lenders charge black and Latino buyers higher interest rates. People of color and other minorities end up with up to half a billion dollars more in interest than white homebuyers, the study found.

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Avoid problems with your mortgage application: Tips for applicants

There are all sorts of stories out there about predatory lenders being sued for fraud against homebuyers. On the other side of the coin, however, a study by CoreLogic found that fraud by mortgage applicants is also rising. According to the study, approximately 0.92 percent of all mortgage applications during the second quarter of 2018 included fraudulent elements, more than in the second quarter of 2017, when an estimated 0.82 percent of applications did. Even a

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Transferring property: a primer on deeds and titles

A property deed is a legal document that transfers title or rights of ownership from one party to another. It’s the official proof of transfer document that gets recorded, usually by your local county government. A deed should include an indication that it is a deed, a description of the property, the signature of the individual or entity transferring the property, and information on who is taking the title. Every property transfer requires some type of

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Understanding easement rights

Imagine you’ve found the perfect home or piece of land, but you find out there’s an easement on the property. What do you need to know? An easement gives someone the legal right to use your property in a specific way. For example, your next-door neighbor might have access to drive across your land to get to theirs. The utility company might have the right to dig up your lawn to install power lines. Easement duration

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LGBT homebuyers fear discrimination

Members of the lesbian, gay, bisexual, and transgender community say they fear discrimination when buying a home, according to recent research from Freddie Mac. Survey respondents who identified as LGBT were largely positive on homeownership, with three-quarters saying they believe home ownership is a good investment. In fact, 72 percent said they want to own a home in the future. But 46 percent said they fear discrimination in the process. When buying a home, they ranked

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Beginner tips for turnkey real estate

What if you want to invest in real estate, but don’t have any experience or a mentor to guide you? What if you live in a high-cost location and can’t find reasonably priced properties to invest in? And what if you want to invest in real estate but don’t want to do any of the active management? In recent years, turnkey real estate providers have emerged, offering to solve all of these problems for would-be investors.

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