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In almost every issue we send out, one of our experts will mention the importance your real estate team of professional advisors - i.e. attorney, mortgage broker, and accountant (to name a few) - before you enter into a real estate transaction.
For those of you new to the investing game, it may not be clear why you need a team of advisors, which is why this month we bring you three articles on how to prevent finding yourself on the "dark side" of real estate investing: dealing with Title issues, becoming involved in legal disputes, and being the dupe of unscrupulous mortgage brokers. In each case you'll learn why a professional advisor can keep you out of trouble and on the right side of the law.
Generally, real estate transactions happen without major glitches, but one thing that can bring your closing to a last minute crashing halt is a problem with Title. From undischarged mortgages to liens placed against the property, complex Title problems are best left to an expert. In her article, "Keep Your Title Clean: Three Strategies for Preventing Title Problems," Jacqueline Fitzgerald-Boyd explains why Title problems occur and how you can prevent them.
Legal disputes between contractors and even other real estate investors can and do happen - which is why it pays to have an experienced real estate attorney on your side. In his article, "How to Keep Yourself from Being Part of a Third-Party Claim," attorney John B. DiSciullo discusses the three types of third-party claims you're most likely to encounter - and why having an attorney read over all your contracts and insurance policies is a must before signing any dotted line.
Given the recent exposure in the media of shady and even illegal practices by unscrupulous lending companies, you might wonder how you find a lender or mortgage broker you trust. In this month's Interview with the Expert, resident expert Debbie Siegel explains the differences between independent brokers and lending companies, questions to ask perspective brokers, and which practices should set off your alarm bells.
Do you wonder if you should pay your mortgage off early? The answer, of course, is "it depends." In this month's Mortgage Minute, Debbie Siegel gives you five questions to ask yourself when considering an early payoff - and why paying off your mortgage early may not always be the best course of action.
Best regards,
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| Jeremy B. Shapiro |  | Sheila Farragher-Gemma |
| Co-Founders, ForeclosuresMass.com | ||
| February 2008 | Keep Your Title Clean » |
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