D.C.'s first-time homebuyer tax credit

With all of the focus on the $8,000 federal first-time homebuyer tax credit (“Federal Tax Credit”), many have forgotten that DC offers a first-time homebuyer tax credit (“DC Tax Credit”) as well. Since the DC Tax Credit is smaller ($5,000) and cannot be taken simultaneously with the Federal Tax Credit, it has largely been ignored.

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Federal Title and the new RESPA rule

Federal Title & Escrow Company is already meeting the department of Housing and Urban Development's (HUD) new proposal under RESPA guidelines for providing the borrower a guaranteed maximum closing cost in advance of settlement.
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Predatory Lending

Predatory mortgage lending typically takes place in what is called the sub prime market, where financial institutions extend high-priced loans to borrowers with troubled credit. The tricky issue is that this business practice is legitimate as long as overly aggressive techniques are kept out of the transaction.
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How buyers can win in a seller's market

Multiple offers. Bidding wars. One-day sales. "Sold Out" signs on developments under construction. As little as five years ago, these events would have been rare in the Metro DC real estate market. But in the last couple of years, they're commonplace in many...

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