By Elliot Zaks, Principal, Madison Commercial Real Estate Services
Do-it-yourself projects may be a worthy endeavor for a handy homeowner refinishing a deck or a green thumbed gardener installing a herbaceous border. However, in the complex world of real estate transactions, DIY measures may backfire. Buyers seeking to cut costs with DIY methods can miss out on some vital resources.
The residential home market is experiencing a shift in attitudes. Rising interest rates and stiff credit requirements are causing a slow down in residential mortgage lending, as buyers struggle to get home loans. Rather than submit to the strict rules of the banks and creditors, many home buyers are turning to all cash deals. While cash buyers have the advantage of evading lender’s regulations, they should be careful not to forego essential industry safeguards. Continue reading
Tags: all-cash deal, do-it-yourselfer, Inc., individual investor, lender’s title insurance policy, owner-occupant buyer, Owner’s title insurance policy, real estate attorney, real estate transaction, Realty Trac, second-home buyer, title insurance
As a marketer in the world of real estate and finance, I crunch numbers and analyze data to determine the best course of action. I don’t believe in reading tea leaves, tarot cards or palms. I don’t look for symbolic ‘signs’ that are supposed to point the way in big life decisions. Admittedly, over the last five years, the numbers haven’t been very positive or pleasant to digest. Housing starts down. Commercial lending down. Foreclosures up. It’s been a veritable smorgasbord of sour data. So it is encouraging to finally see a wealth of indicators (hard numbers not just anecdotal reports) from all directions agreeing that the real estate market – which has supposedly been on a journey of healing for a long time – seems to finally be reaching that coveted destination: solid economic recovery.
Here are some of the highlights from the past month or so in case you’ve missed them, haven’t had the time to comb through dozens of media sites to aggregate the data, or are just tired of reading headlines prognosticating recovery that turn out to just be false-starts.
Tags: Commerce Department, commercial lending, CoreLogic, Department of Housing and Urban Development, Federal Reserve, Foreclosure Market Report, foreclosures, Home Depot, Housing Scoreboard, housing starts, Inc., Realtor.com, RealtyTrac, Title Insurance Underwriter Fidelity National, U.S. Census Bureau
There are numerous strategies in the marketplace for creating “headache free” real estate investments to be used as replacement property in like kind §1031 exchanges. Fort Properties, Inc. challenged the validity of this patent, claiming that AML’s strategy is unpatentable. The U.S. Circuit Court of Appeals for the Federal District agreed. Continue reading
Tags: --- F. 3rd --- (USCA Fed. Cir, 130 S.Ct. 3218, 177 L.Ed.2d 792 (2010), 2012 WL 603969, 2012), abstract idea, American Master Lease LLC, AML, Bilski v. Kappos, deedshares, Fort Properties, Inc., Inc. vs. American Master Lease LLC, Internal Revenue Code, like kind property, patent, patent protection, real estate investment strategy, securities regulations, tenant-in-common, U.S. Circuit Court of Appeals for the Federal District, unpatentable, §1031 exchange