One of the benefits that may come out of the entire COVID Pandemic mess is the increase in local real estate prices across Connecticut. Not only are homes worth more and have become easier to sell to those looking to …
Rate Change for Title Insurance on Real Estate as of February 3, 2020
Due to significant increased costs in doing business, namely when it comes to regulatory compliance, Connecticut Attorneys Title Insurance Company (CATIC®) recently requested and have been approved for a rate change on title insurance on real estate in Connecticut. This …
Why Do I Have To Pay A Capital Contribution To The Condominium Association When Buying A Condo In Connecticut?
Capital Contribution to HOA Closing Costs Paid to Condo Association Today, I had a closing with a client n a condominium in New Milford. The particular condominium association (or home owners association, commonly called “HOA”) had a condition to buying …
CHFA Loans – Connecticut Housing Finance Authority Mortgage Assistance
CHFA Mortgage Assistance for Connecticut Home Buyers The Connecticut Housing Finance Authority, or CHFA, provides mortgage assistance programs to homebuyers in Connecticut. To receive CHFA mortgage assistance, you must be a first-time homebuyer or buying a home in a revitalization zone …
Federal Housing Finance Agency “FHFA” Raises FHA Loan Limits for 2017 – First Increase Since 2006
FHFA Announces Increase in Maximum Loan Amounts for Conforming “FHA” Mortgages There is some good news for those people looking to buy a home in 2017. The Federal Housing Finance Agency, or FHFA, has announced that for the first time …