Last week, the Federal Reserve decided, for the first time in seven years, to raise interest rates above 0. The change will go into effect gradually, with rates going up by a quarter percentage point in the first year and… Read More
The escrow process, often referred to as the closing process, happens in between the time the seller reviews and accepts the purchase agreement and the period in which the buyer will receive his or her keys to their new home…. Read More
The nonprofit organization NeighborWorks America recently released a study examining the relationship between young people and homebuying. The study overwhelmingly found that survey respondents were misinformed about homeownership in ways that was preventing them from participating in the market and… Read More
When you’re in the process of buying real estate – especially if you’re a new buyer – you’re going to hear a lot of unusual terms and jargon. For many people, this is a unsettling and awkward prospect. After all,… Read More
When it comes time to purchase a property, there are many red flags to watch out for. One of the most important considerations is property encumbrances. A property encumberance refers to the legal rights to a property. While an encumbrance… Read More
If you are considering purchasing a home in Baltimore, ground rent is a term you should become familiar with. This practice is unique to Baltimore and can cause huge headaches for homeowners (including the possibility of losing their home) if… Read More
With all of the excitement and headaches that come with buying a home, title insurance may seem like a low priority. However, title insurance can ensure that your closing process goes smoothly and will help to prevent problems from occurring… Read More
Welcome to Residential Title and Escrow’s brand new blog! Every week, we will be sharing informative and interesting articles related to title services, the real estate market, and other topics relevant to you. This week we are going to answer… Read More