Real-Estate Matters: Seller should have disclosed failing septic system

Q: Would the title company find out if a septic system was put into my home illegally before closing? The owner lied at closing about the original system. He never got a permit or engineering done for it. Neither the real-estate agent nor my attorney told me the house failed the water inspection, and during the final walk-through I didn’t know to ...
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Water and Homeowners Insurance

by Susanne Romo When most people think of home insurance and claims, fire or burglary is usually the first thing that concerns people.  But what might surprise you is that neither of those claims is the most common.  Water is. And your homeowner’s policy may or not cover the damage.  The bottom line your claims adjuster will need to know is —- ...

Condo owners should buy secondary insurance

BY BARBARA HOLLAND Posted: Aug. 11, 2012 | 2:04 a.m. Q: I currently own a condominium that I rent to my granddaughter. Last Sunday, the girl who lives in the condo above mine called me and said she heard running water, and asked if would come over and see if we could figure out where it was coming from. I went over and we looked in all the storage ...
Stephen-Richman1

Stephen Richman

Stephen Richman Ohio’s Residential Property Disclosure Form Insider tips expert info Pursuant to Ohio Revised Code Sec. 5302.30, Ohio’s Residential Property Disclosure Form ( the “Disclosure Form”) is required to be filled out and signed by sellers of “Residential Property” (defined in the Statute as real property ...

Ohio’s Residential Property Disclosure Form is neither a Substitute for Due Diligence

Stephen Richman Direct Dial: 216.736.7203Fax: 216.621.6536Email: sdr@kjk.com Tweet Pursuant to Ohio Revised Code Sec. 5302.30, Ohio’s Residential Property Disclosure Form ( the “Disclosure Form”) is required to be filled out and signed by sellers of “Residential Property” (defined in the Statute as real property ...

How to clean up your credit score?

Tara Siegel Bernard Healing a Wounded Credit Score Article Tara Siegel Bernard is a personal finance reporter for The New York Times. Some lost their jobs or were just overwhelmed by mounting debt. Others got caught up in the real estate bubble or had major medical bills. Whatever the reason, the rising number of foreclosures, short sales, ...

Remodeling Tips for your Home

G. M. Filisko Remodeling Tips for your Home Article G.M. Filisko is a freelance writer for REALTOR® magazine. Construction cost estimates are generated by HomeTech Information Systems of Bethesda, Md., which takes into account construction commodity data and labor cost information from a nationwide network of remodeling contractors. Read ...

New Fed Rule for Mortgage Brokers

Lynnley Browning New Fed Rule for Mortgage Brokers Article Lynnley Browning is a frequent contributor to the business pages of The New York Times and is a former Moscow-based correspondent for Reuters. STARTING April 1, under a new compensation rule from the Federal Reserve, borrowers who get their mortgages through brokers will most likely ...