One of the defining characteristics of a zombie title (or zombie foreclosure) is that the owner of the foreclosed home does not realize that they still own the property. Basically, the borrower whose property was foreclosed on assumes that the bank now owns their...
A noise easement is a legal agreement that grants permission for noise generated by a nearby activity, facility, or transportation source to affect a property. In real estate, noise easements are most commonly associated with airports, highways, railroads, military...
Dry funding is a method of real estate loan closing in which the borrower signs all required loan documents before the lender releases the loan proceeds. Unlike wet funding, the transaction is not completed immediately upon signing. Instead, the lender reviews the...
Wet funding is a method of real estate loan closing in which all loan documents are signed, funds are disbursed, and the transaction is completed on the same day. Under this process, the lender provides the loan proceeds immediately after the borrower executes the...
I’d rather be lied to by AI than by a human. Perhaps that’s just me, but the nice thing about AI being untruthful is that you can immediately call it out, and it can’t walk away. When you call out a human for being dishonest, you have to deal with...
