Happy fourth of July weekend!
Wishing all fathers a fantastic Father's Day!
Good for a large, awkward yard or even a small townhome yard that seems useless. What do you think of this lush outdoor seating design?
Wow-- we hope that everyone involved walked away safe from this insanity. Today, Silver Diner in Tysons was rammed 3 times by a Hummer and burst into flames. At one point, a patron was pinned by the truck. Officials believe this was deliberate and caused by the cook (driver) who had taken bereavement leave since 4/5. http://www.nbcwashington.com/news/local/SUV-Crashes-Into-Va-Silver-Diner-Burst-Into-Flames-378134601.html
An SUV burst into flames after slamming through the front door of a Tysons Corner restaurant Wednesday afternoon.
Three steps you can take to protect your real estate from potential creditors. 1) If you are married, ask us about holding title as Tenants by the Entirety; 2) Place your real estate in a trust; 3) Have your properties owned by a business (LLC). For more tips, call us! We'll be happy to help.
Ok, be honest. How many of these "zingers" have you mis-spoken? My favorite: "for all intensive purposes" OR "for all intents and purposes." http://www.entrepreneur.com/article/254769
I wonder how many people will be checking lotto tickets tonight to see if they are multi-millioniares? Life changing! Best of luck!
New Years!!! How exciting. 2016? Where did the time go? We wish you a peaceful end to 2015 and an exciting launch into 2016.
10 quick and dirty facts that you (a consumer) need to know to help you understand your closing: http://www.oldrepublictitle.com/cfpb/assets/cfpb-ss-10thingscon-102115.pdf
We're please to announce that we've had several TRID closings since October and they've all gone smoothly! Clients seem more confident as well since they are uniformly getting copies of their documents 3 days before, so no surprises at closing.
Please pardon our dust as we are trying to get our website back up and running. Thank you for your patience! If you have any questions or if you need to request a preliminary HUD, please call us at the office. We are more than happy to help you in any way that we can! (703) 880-6950
"Why do I need to buy title insurance when I have homeowner's insurance?" We are asked this very frequently. The short answer (other than the fact that lenders require it) is this: "the primary purpose of title insurance is to eliminate risks and prevent losses caused by defects in title arising out of events that have happened in the past." Example: a previous owner's interest in the property was affected by a judgment lien. http://www.oldrepublictitle.com/newnational/resources/primer/whatistitle.asp
Do you know what title insurance is and how it can protect you? Learn how title insurance provides peace of mind on your most valuable asset - your home.
Time for some fun. If money was not an issue whatsoever, which of these celebrity homes would you buy? Celine Dion's home is absolutely breathtaking (look at those views). http://www.zillow.com/blog/most-expensive-celebrity-homes-on-the-market-138525/
Despite their presence on the big screen or the number of records they've sold, most celebrities don't live in $20 million, $30 million or $50 million homes. Rather, many buy a place for less than $10 million — far from spare change — but nowhere near the kind of properties found topping the most ex…
Four months of paid maternity leave plus an extra $1,000 Amazon gift card to new moms working at Zillow, a popular internet-based real estate company. Bonus: new dads get 8 weeks, fully-paid leave. Kudos to companies like this that understand the importance of family!http://money.cnn.com/2015/11/12/pf/jobs/zillow-parental-benefits/index.html?iid=SF_LN
New moms at Zillow will soon get 16 weeks of paid leave
Happy Monday! Are you a real estate agent? Here's a great summary/resource about how the new disclosures will affect you and your clients. Perhaps the best part of the reform is that your clients will have advance notice of what to expect at closing: http://www.oldrepublictitle.com/cfpb/assets/cfpb-ss-10thingsreal-102115.pdf
Can you imagine if Thanksgiving was a 3 day event and included lobster, eel and mussels? Here's what the first Thanksgiving meal probably looked like: http://www.smithsonianmag.com/history/what-was-on-the-menu-at-the-first-thanksgiving-511554/?no-ist
The history of the holiday meal tells us that turkey was always the centerpiece, but other courses have since disappeared
As of October 2015, the HUD-1 and GFE were no longer part of the closing process. The goal: make the closing process as easy to understand as possible. Here's a quick summary of what you should expect: http://www.realtor.org/videos/hud-1-going-away-understand-new-closing-forms-procedures
The HUD-1 settlement statement and Good Faith Estimate forms are going away on October 3. The Truth in Lending Act disclosure is going away as well. In their place will be a new closing disclosure and a new loan estimate. There will be changes to the closing process as well, including a new rule req…
After a LONG Facebook hiatus, we're baacckk! We'll try to post links that are helpful to consumers as well as fun to read. If you have any content suggestions, please let us know!
Our "likes" are getting bigger by the day! Thanks, everyone!
Beautiful fall weather even though it's cloudy :-) Enjoy the festivities!
We've been really busy at the Franklin office so sorry for the absence! Good to be back!
Housing shortage in Fairfax County? Is it a seller's market, then? http://www.fairfaxcountyrealestateandhomes.com/fairfax-county-housing-shortage-a-real-threat/
A Fairfax County housing shortage, as well as a nationwide housing shortage, is a real threat. The housing market has gone through a series of events that include foreclosures, bad equity, bad loans and many more. One topic the real estate market is ignoring is home shortages.
It was a great day to celebrate our moms yesterday. Why stop today? #mothersday
Enjoy your weekend!
Here's a great article discussing the potential changes to mortgage disclosure rules in more detail: http://www.ballardspahr.com/alertspublications/legalalerts/2012-02-23_cfpb_sheds_light_new_integrated_mortgage_disclosure_rules.aspx
Materials recently released by the Consumer Financial Protection Bureau provide significant insight into its stance on the rules that will govern integrated mortgage disclosure. Issued in the context of Small Business Regulatory Enforcement Fairness Act (SBREFA) requirements, they offer a window on ...
Franklin Title Company, LLC's cover photo
New changes to your closing documents coming in 2013? http://www.consumerfinance.gov/knowbeforeyouowe/
In January, we are testing two different designs for these closing disclosures in Philadelphia, PA (named Butternut and Hemlock). We’re now working to apply the lessons from your comments and our testing in Philadelphia to improve the forms.
With gas prices up by $0.12 since last week, do you think more middle-class Americans are trying to find housing within the city or are they willing to make a commute in order to get "more house for your buck"? What's the trend, agents?
Love it or hate it: the Obama plan that will allow FHA loans refinance relief. Is this a positive step toward reducing the housing crisis or just another plan that won't really do much for those in need?
What do you think: After buying a house, should websites have the right to continue publishing photos of the interior of your home?
Banks giving monetary incentives to delinquent borrowers to sell their homes. Interesting article: http://money.cnn.com/2012/02/10/real_estate/short_sale_incentives/index.htm
Hoping to cut their losses, banks are paying delinquent homeowners up to $35,000 in incentives to sell their homes in short sales and avoid foreclosure.
Interesting health article that we thought would be fun to share on stress & how to stay calm under pressure: http://www.realsimple.com/work-life/life-strategies/5-ways-to-stay-cool-under-pressure-00000000052702/index.html?xid=cnn-feeds-121611
Real Simple asked five professionals with (unusually) stressful jobs to share their best secrets for keeping a level head.
The Whitney Houston funeral--very sad: http://www.cbsnews.com/8301-207_162-57380815/whitney-houstons-loved-ones-say-goodbye-with-music-prayer/
Family and friends gather for service in Newark, N.J. celebrating life of singer Whitney Houston
All in favor of the return of the first-time buyer tax credit, raise your hands. With lending guidelines so stringent, maybe it's time to give otherwise qualified housing candidates a hand. What do you think?
Happy Valentine's day! The holiday of beautiful flowers! http://www.washingtonpost.com/business/capitalbusiness/local-florists-say-the-bloom-is-back-on-valentines-day/2012/02/09/gIQANBnR9Q_story.html?hpid=z4
Local florists say flower sales, which dipped during the recession, have been slowly rebounding since.
RIP Whitney Houston.
How did you enjoy your Super Bowl Sunday?
Home prices are up; prices are down. Which is it? Obama wants to close Fannie Mae & Freddie Mac: http://www.washingtonpost.com/business/economy/obama-administration-to-move-forward-with-closing-fannie-mae-freddie-mac/2012/02/02/gIQAsl0XlQ_story.html
Our goal is to make sure that you fully understand all adverse claims and clouds on your title that you can be opening yourself to when buying a home. Our job is to make sure you get the best, knowledgeable service--not just generic service. We dare you to compare. www.franklintitlecompany.com
We would like you to know that Franklin Title shares your concern for quality service, affordability and client satisfaction.
Homicides, deaths, HIV and felonies--if any of these happened/existed on Virginia real estate, there is no duty of disclosure to the buyer. http://leg1.state.va.us/cgi-bin/legp504.exe?000+cod+55-524
A. Notwithstanding any other provision of this chapter or any other statute or regulation, no cause of action shall arise against an owner or a real estate licensee for failure to disclose that an occupant of the subject real property, whether or not such real property is subject to this chapter,...
A great article about short sales, foreclosures and your property rights as a buyer. This is why title insurance will protect you: http://www.bankrate.com/finance/real-estate/unpaid-liens-can-ruin-a-short-sale.aspx
The seller is liable for paying liens until a short sale closes but often can't afford to pay. Learn more about short sales and liens at Bankrate.com.
Why title insurance is CRITICAL for a foreclosure sale: http://www.nytimes.com/2010/10/09/your-money/mortgages/09money.html?pagewanted=all
Title insurance might feel like a tax during the home-buying process, but the questions now surrounding foreclosures have made its importance crystal-clear.
One of our closings required our staff attorney, Robert Dain, to assist a client with reading the plat for his property to determine what the deed pertained to. Can your title company do that?
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