Tag: homebuyer

Do you qualify as a DC first-time homebuyer?

Written by Federal Title on 2022-08-26.

The would-be DC first-time homebuyer was treated to some promising news this week when Mayor Bowser’s office announced a limit increase for the city’s Home Purchase Assistance Program from $80,000 to $202,000 beginning October 1.Did you...

Split Closings: Vulnerable To Wire Fraud

Written by Kimberly Gentile on 2021-12-14.

Cybercriminals look for easy targets to make their move, and split closings or split settlements are a fantastic way for cybercriminals to steal wired transactions. According to the American Land Title Association, there has been an increase...

What’s the Benefit of the Maryland First-time Homebuyer Tax Credit?

Written by Federal Title on 2018-04-05.

What’s the Benefit? The Maryland First-Time Homebuyer Credit exempts the buyer from paying the State Transfer Tax. Qualifications* All homebuyers must be individuals (cannot be a trust or other entity) who have never owned in the state of...

Language stemming from outdated DC law should be removed from lender’s loan packages

Written by Federal Title on 2014-09-23.

Several mortgage lenders continue to require borrowers to sign a statement at closing as to whether a borrower has a non-borrowing spouse or domestic partner living with the borrower. The recitation provided by the lender reads, "Washington,...

Split closings are (almost) never a good idea

Written by Federal Title on 2014-03-13.

The other day I handled a split closing – the buyer used Federal Title & Escrow Company and the seller used another title company – and things did not go so smoothly. A closing already has many different parties involved: buyers, sellers,...

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Tag: homebuyer

Do you qualify as a DC first-time homebuyer?

Split Closings: Vulnerable To Wire Fraud

What’s the Benefit of the Maryland First-time Homebuyer Tax Credit?

Language stemming from outdated DC law should be removed from lender’s loan packages

Split closings are (almost) never a good idea

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