When thinking about bankruptcy, most people file because creditors call for money that they don’t have. Whether car or mortgage payments, credit cards or hospital bills, banks are looking for payments that aren’t there. Bankruptcy is a federal action filed through federal courts, and once that … [Read more...] about The Property Owners Declared Bankruptcy: Now What?
The Property Owners are Getting Divorced: Now What?
Divorces are often difficult for all parties involved, but selling the property can be easier with these tips. The first step for property owners who need to sell due to divorce is finding and agreeing on a real estate agent. When an agreement is reached, the title company will need detailed … [Read more...] about The Property Owners are Getting Divorced: Now What?
A Property Owner has Died: Now What?
What happens to a property when an owner dies is largely determined by what plans the property owner put in place during their ownership. It could be that the Deed provided for the property to pass by survivorship, the deceased may have had a Last Will and Testament, they may have established a … [Read more...] about A Property Owner has Died: Now What?
Shining Our Employee Spotlight on John Slupe, Branch Manager and Settlement Agent for Ashburn, Leesburg and Winchester
Our employee spotlight shines on John Slupe, Branch Manager and Settlement Agent for Ashburn, Leesburg and Winchester. Keep reading to learn more about John, his family and his journey to and with Highland Title + Escrow. John was born in Western Pennsylvania and raised in Springfield, Virginia. … [Read more...] about Shining Our Employee Spotlight on John Slupe, Branch Manager and Settlement Agent for Ashburn, Leesburg and Winchester
Ideally, a buyer enters the housing market with a pre-approved loan and searches for a home based on that loan amount with specific mortgage rates. However, with rising interest rates, a buyer may be looking for ways to obtain a lower interest rate. One of those ways is by assuming the seller’s … [Read more...] about Loan Assumptions
Highland Title, Blog Images, Feb 2023 (1) A 1031 Exchange, also referred to as a Starker Exchange or a Like-Kind Exchange, is a way, pursuant to 26 U.S. Code Section 1031, for an investor to sell an investment property and purchase another investment property while deferring the capital gains taxes. … [Read more...] about 1031 Exchanges