Real Property

SECU Strikes Back on Living Trusts and Real Estate

Posted on: March 5th, 2009
I recently blogged about my disagreement with the North Carolina State Employees Credit Union’s policy on mortgages when the property was previously held in the owner’s living trust. ...

Title Insurance for Real Estate in Living Trusts

Posted on: February 19th, 2009
My standard advice for clients who are transferring real property to their revocable living trusts is to check with their title insurance company to make sure they will still be covered....

SECU has Ridiculous Policy on Living Trusts

Posted on: February 15th, 2009
I have long known that the North Carolina State Employees Credit Union (SECU) refuses to refinance any residence owned by a revocable living trust. ...

I Inherited a House – Do I have to Refinance the Mortgage?

Posted on: January 13th, 2009
No – in most cases. Mortgages generally contain "Due on Sale" clauses, which say that the lender can call the mortgage due upon transfer of property. ...

Own Rental Real Estate? You Need an LLC to Protect Yourself

Posted on: December 9th, 2008
Anyone who owns rental real estate in his or her individual name is taking a tremendous risk. ...

Real Property Transfer on Death Act

Posted on: September 15th, 2008
BY CHRIS BURTI, VICE PRESIDENT, SENIOR LEGAL COUNSEL, STATEWIDE TITLE, INC. Elder Law is becoming a burgeoning practice area as the Baby Boomer Generation is rapidly beginning to gray out. ...
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