by Facing Foreclosure | May 5, 2022 | Real Estate
In Texas, your municipal district assesses a MUD tax on top of your property taxes. MUD stands for Municipal Utility District. The MUD tax is a fee that helps fund the development and maintenance of infrastructure in areas with new homes. The MUD tax is often costly,...
by Facing Foreclosure | Jun 4, 2021 | Real Estate
If you own your home for many years, it generally grows equity as you live in it. Equity loans and lines of credit have always been popular, but reverse mortgages are a relatively new option. These types of mortgages have increased more than 1,300 percent between 1999...
by Facing Foreclosure | May 20, 2021 | Real Estate
When buying a home, you trust that an inspection reveals potential problems. You may even use the inspection to negotiate the selling price down. You can also back out entirely during the option period of your buyer’s contract if the inspection reveals problems. But...
by Facing Foreclosure | May 14, 2021 | Real Estate
Of all the purchases you will make in your lifetime, a mortgage might be the biggest investment risk. Often a real estate purchase pays off in dividends years later, but only if the mortgage terms are fair. On the other hand, the wrong mortgage can cause your good...
by Facing Foreclosure | May 6, 2021 | Real Estate
When you buy a new home, realtors throw a lot of phrases around that are confusing. One of them is “Cash to Close.” Another is “Closing Costs.” It’s easy to think that these terms mean the same thing, but they don’t. So precisely what does “Cash to Close” include and...
by Facing Foreclosure | Apr 30, 2021 | Real Estate
Every state has its real estate laws and regulations that affect how you buy and sell houses. Some states require a lawyer while making real estate transactions. Texas does not require a lawyer, but real estate lawyers are far from obsolete. There are at least three...
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