Most of us experience financial troubles at some point, whether due to a job loss, medical emergency or other unexpected event. If you own a home, the thought of losing your home may be one of your biggest fears, especially if you miss a mortgage payment or two. You...
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Real Estate Law
What can help prevent your property’s foreclosure?
Having your property go through foreclosure can have adverse effects on you as an owner and individual. Aside from losing a significant financial investment, the experience can considerably affect your mental and emotional well-being. Still, facing foreclosure is a...
When can refinancing your mortgage be beneficial?
Planning to purchase property often includes preparing to take out a mortgage. These long-term home loans can help you achieve your dreams of becoming a homeowner. However, they can become unfavorable over time, making refinancing a beneficial option. Usually,...
The basics of foreclosure
During the most turbulent time of the housing market a few years back, most of our readers in Connecticut probably heard one term over and over: foreclosure. While it is true that the housing market recovered from that slump, both locally and nationally, the fact...
What should I do if my neighbor built a spite fence?
When we invest in our homes, we do our best to create a good environment for us and our families. This process includes creating connections with neighbors or just simply building a civil relationship with them. But not all neighbor relationships are friendly. Some...
Using a real estate appraiser in a Connecticut divorce
When a well-off Connecticut couple decides to end their marriage, the division of their assets is always a principal concern. Connecticut’s proximity to New York City also means that these well-off couples will own large, very valuable homes. Dividing this asset can...
Reverse mortgage: A money management tool for people over 62
By some accounts, 60% of Americans find themselves cash-strapped, with less than $1,000 in the bank as they face their retirement years. A variety of economic vicissitudes fostered this trend. At the same time, however, it’s reported that one in four mortgaged homes...
What is adverse possession?
The real estate market contributes significantly to the overall economy. Buyers and sellers negotiate a sale that provides the most mutually beneficial result. In some cases; however, the legal transfer of real estate follows an unconventional route. The legal...
Is there a black mark on the title to your home?
If you are planning on selling your home in Connecticut, it is important to do a title search first. A title search is necessary as it could uncover defects on the title that must be resolved before the sale can continue. Defects on a title could prevent a sale A...
I don’t need a new construction inspection, right?
It may come as a shock to residential and commercial buyers that new construction can have just as many, if not more, issues than already existing structures in Connecticut. Indeed, defective architectural designs can cause an entire building to collapse over time. A...