One commonly overlooked component involved with buying and owning a home is a home warranty plan, and although it may seem like a minuscule detail in the grand scheme of things, the warranty ultimately can save a homeowner a great deal of frustration and cost....
If you use your personal vehicle for business purposes, we’ve got some great news to share! The Internal Revenue Service recently announced that as of July 1 you will have the ability to deduct more for each mile driven for business purposes – a total...
Once you’ve navigated through finding a home and made it through the final closing paperwork, the last thing you want to worry about is a broken dishwasher or faulty plumbing. As such, understanding the intricacies of home warranty programs is an important step of the...
Homeowners insurance is an important component of the home buying process. What is covered? Are their items not included that you need? Are there items included that you do not need? One common item that comes up time and time again is mold coverage. Although on...
Buyers and sellers often find residential real estate statistics confusing. In this blog we will shed some light on these numbers. We’ll take a look at the most widely used statistics and we’ll review each one to better understand them. What are the some of the...
On March 18th HUD issued important information pertaining to how mortgage loan originators comply with the Real Estate Settlement Procedures Act (RESPA) with regard to the Federal Reserve Board’s Loan Originator Compensation rule, effective April 1st. This information clarifies RESPA requirements related to proper disclosure...
In a commercial property foreclosure, the lender will usually ask the judge to assign a Receiver to take “control” of the property. Receivers are normally nominated by the lender; however, they are considered agents or officers of the court and are a neutral third party....
Several months ago, the California Department of Real Estate issued a publication regarding Short Sale Fraud. Due to the increase in Short Sales in the market today, instances of fraud are continuing to grow. Typically, fraud occurs when there is an intentional failure to disclose...
Effective April 18th 2011, the FHA will raise the annual mortgage insurance premiums by "25 basis points" (or one quarter of a percent of the total value of the loan) for borrowers on primary, 1-4 unit properties. This change will not affect Title 1...
Selling property can be extremely stressful for all parties involved. At Coachella Valley Escrow, we strive to provide helpful information and resources to buyers, sellers, and agents. One such helpful resource we would like to discuss is Real Estate Concierge Services. The Concierge, as a...