Several years ago, at the height of the economic crisis, North Carolina received federal money through the "Hardest Hit Program," a government-backed relief effort to help those in this state left in dire economic straits because of the so-called Great Recession. With...
Residential Real Estate
Overview of a short sale for lenders
There is a lot of information available about how a short sale works. Much of this information is geared toward either a homeowner who is trying to avoid a foreclosure or a would-be buyer of residential real estate.The other party who has an interest in the short sale...
Representing creditors in foreclosure actions
Large banks who often make house loans to Rocky Mount, North Carolina, families foreclose on their mortgages often enough to have a streamlined process.However, the big financial institutions are not the only ones who may need to start a foreclosure. Smaller lenders...
Why am I being expected to buy title insurance?
Although title insurance is technically optional, many would-be buyers of homes in the Rocky Mount, North Carolina, area may have to fork over the money for a policy, usually at the insistence of the bank who is offering the mortgage.It is actually not always a bad...
Sellers of residential property must disclose its defects
Like many of its sister states, North Carolina has largely gotten away from the traditional notion of let the buyer beware, at least when it comes to the purchasing of a private family home or other residential real estate.In former days, a buyer would be expected to...
Is this residential lease agreement fair?
Buying or selling a home can be an overwhelming process for a North Carolina resident. They may consult with experts about the strength of their purchase offers, the soundness of their decisions to accept or reject counter-offers, and the problems they may anticipate...
Three reasons you need a lawyer when buying a home
Buying a home can be a daunting process. Between the showings, negotiations and mountains of paperwork, you need all the help you can get. While a real estate agent is a helpful and necessary guide for your home buying journey, it's often wise to acquire the services...
