Real Estate Headlines for Monday, November 24, 2014
Word of the Day

Plat. Map or survey showing the location and boundaries of individual properties and how they have been subdivided into lots and blocks.

 

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Q: What Is a Variance?

A:  A variance is a request made to your local jurisdiction to deviate from current zoning requirements.  If granted, a variance will allow you to use your land in a way that is normally not permitted by the zoning ordinance because it waives...

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10 Ways to Cut Costs while Having a Truly Joyful Holiday Season

You know “stuff” isn’t what makes the holiday season truly fulfilling. Yet each year, despite your best intentions, you end up shopping too much, rushing too much, stressing too much…and savoring the moment too little. Here, fi...

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Other Recent Real Estate Headlines
Word of the Day

Quit-claim deed. A conveyance by which the grantor transfers whatever interest he or she has in the real estate without warranties or obligations.

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Q: Can a Home Be Sold for Less Than Its Mortgage?

A: Sometimes. But it is a complicated process and a lot will depend on the lender.

This process is called a “short sale,” which occurs when a lender agrees to write off the portion of a mor...

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Why You Need a Real Estate Attorney

I recently ran across a great post by Jeff Zane - a practicing real estate attorney in West Palm Beach, Fla., and a member of the Palm Beach County Attorneys’ Real Estate Council.

The item serve...

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Word of the Day

Grace period. Specified period of time to meet a commitment after it becomes due, without penalty or default.  For example, most lenders allow a two-week grace period after the due date of the mortgage payment before a late fee is...

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Q: Are Interest Rates Negotiable?

A: It depends who you negotiate with.  Some lenders are willing to haggle on both the loan rate and the number of points, but this is not typical among more established lenders.

This is why it pay...

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Why We Overspend during the Holidays (and How to Stop)

Are you familiar with this holly-but-not-so-jolly cycle? As the holidays approach, you promise yourself that this year you won’t get caught up in a frenzy of overspending. You know that piles of gifts do little to enhance your family’s seas...

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Q: Will I Be Able to Buy again after Losing a Home to Foreclosure?

A: It can happen.  But a lot will depend on your circumstances and the mortgage interest rate you are willing to pay.  Generally, most lenders will consider your request for a home loan two to four years afte...

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