KBM Property

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Maintaining Client File Confidentiality in the Real Estate Office

Jeff Sorg – OnlineEd– Oregon law requires that certain client information be maintained as confidential. The ability of associates in the same office or company to represent the seller and buyer in the same transaction as single agents with the full range of fiduciary obligations necessitates enhanced protection of client confidential information. Every real estate […]

Is it legal for a seller to say ‘No Trump supporters’?

April 16, 2018 – A Sacramento, Calif., area woman is selling her family’s 60-year-old home, complete with antique fixtures and lots of wood in the interior. She’ll consider any interested buyer – as long as they don’t support President Donald Trump. The woman (who asked not to be named) told her Realtor, Elizabeth Weintraub, that […]

I’m the procuring cause!

Dear Anne: I’m the procuring cause! – No, I am! By Anne Cockayne April 16, 2018 – Dear Anne: I spent six months showing 35-plus properties to a very difficult buyer, but after two lengthy showings, she decided 15 Maple Avenue was it. The property was located on a canal, however, and the seawall needed […]

How Do Tax Deed Sales in Florida Work? What Liens Survive?

Posted by DeWitt Law Firm, P.A. A tax deed sale is the sale of property for past due real estate taxes and fees associated with the sale. Each year, real estate taxes are to be paid by a predetermined date to avoid becoming delinquent. Once delinquent, the Tax Collector holds an auction to pay off […]

Earnest Money Deposits: Everything you ever wanted to know

Think of an earnest money deposit as a security deposit.  Once a home goes under contract, the seller will no longer seek other offers during the time the buyer needs in order to fulfill the contract.  In exchange for not advertising their property for sale, the seller wants some security that the buyer will not break the contract.  […]

3 Ways Buyers Can Lose Their Earnest Money Deposit?

1. You Waived Your Contingencies In highly competitive markets, it’s becoming more common for buyers to waive contract contingencies regarding financing or an inspection. You might be tempted to do the same if you’re really after a particular property. It will make you a more attractive buyer, but it also comes with serious risks. You […]

6 Times You Really Can Get Your Earnest Money Back

1. The house was appraised for less than expected One surefire way to get your earnest money back is to have an appraisal contingency. Your lender will want to have the property appraised to see if it’s really worth what you agreed to pay for it. If the estimate is lower, the lender will loan only up to the lower amount—which […]

14 Common Home Problems Buyers Should Look For

1. Roof Problems The roof is one of the most important components of the home. A damaged or poorly maintained roof can lead to serious problems, including water damage. Major roof repairs can be expensive, and should definitely be factored into the price of the home if they exist. The roof is an area that most […]

HUD Guidelines 24 CFR 206.125

What is HUD Guidelines 24 CFR 206.125? This property is a Fannie Mae Reverse Mortgage REO. The code above allows an heir to purchase the property at 95% of the listed price. Other stipulations of this type of property include: Property cannot be sold below appraised value (LIST PRICE) No mediation No electronic signatures No […]

Understanding Wood Destroying Organisms Inspection Reports

    *What is a Wood Destroying Organism Inspection Report? A Wood Destroying Organism (WDO) Inspection Report is a written report of an inspection on a home for visible and accessible evidence of an infestation or damage by wood destroying organisms. Usually this means subterranean or dry wood termites, but will also cover wood destroying beetles […]