Posts from November, 2016

  • Is a Mortgage That’s Been Pre-Approved Guaranteed to Fund? In the real estate lending world, there is typically something called a “Pre-Approval” letter or a “Pre-Qualification” letter. The purpose of these letters is to communicate to the parties in the transaction that the borrower (whoever is trying to get financing), based on ... Continue Reading
  • Disaster & Casualty Losses A disaster loss is a loss attributed to a casualty occurring in an area declared by the President of the United States to be a disaster area entitled to federal assistance. Thus, in order to qualify as a disaster loss, the loss must also qualify as a casualty. On the ... Continue Reading
  • Brexit – What Is It and Why Does It Matter? Brexit is an abbreviation for the term “British exit.” On June 23, 2016, a referendum was passed by voters in the United Kingdom approving the exit of the United Kingdom from the European Union. This disassociation from the European Union (“EU”) was met with a great deal of ... Continue Reading
  • Additional Facts Surrounding Reverse Mortgages In our May 2015 newsletter article “Understanding Reverse Mortgages,” we presented an overview of what reverse mortgages are all about. We described briefly some of the features of a reverse mortgage: how a reverse mortgage works, how borrower eligibility works (and what it ... Continue Reading