Picture this: you’re enjoying a lazy Sunday morning with your favorite cup of coffee, when suddenly, an email pops up saying there's a foreclosure recorded on your property. Your heart races – what’s going on? This is exactly the kind of moment the Homeowner Alert Service (e-Notification) was made for. By signing up, you get real-time alerts whenever a foreclosure, transfer of title, or mortgage is recorded on your property with your County Registrar-Recorder/County Clerk.
Think of this service as your personal watchdog, always sniffing out any suspicious activity that might suggest real estate fraud, keeping you one step ahead, allowing you to catch and address potential issues before they become real problems.
But here’s a fun fact with a serious twist: scammers and hackers might try to crash this party. They could intercept these email alerts and use the info to change phone numbers on your bank accounts or pull off credit card fraud without you even knowing. So while the Homeowner Alert Service is awesome for protecting against real estate fraud, it’s also a reminder to keep your cybersecurity game strong. Stay alert, stay safe, and keep enjoying those peaceful mornings!

Great news for homebuyers and homeowners! Mortgage rates have taken a dip, sliding down from the high 7% range to the mid-6% range!
If you're on the hunt for a new home or eyeing a refinance, this change is like discovering an unexpected bonus in your paycheck. Sure, a 6% mortgage rate might still seem a tad high compared to the sweet, record lows we enjoyed not too long ago, but compared to 7%, it's definitely a treat.
And here's the real cherry on top: that 1% drop can save you a boatload of cash. Picture this — on a $700,000 home loan, shaving off just one percentage point from your rate, going from 7% to 6%, can save you tens of thousands of dollars over a 30-year mortgage. That's a serious stack of savings, translating to lower monthly payments and less interest chipping away at your wallet.

Whether you're a first-time buyer or a homeowner looking to refinance, this dip in rates is like finding a hidden treasure chest, making your dream home more affordable and adding a sprinkle of financial freedom to your life. Cheers to that!

Many people are oblivious to the different kinds of trusts and the purposes trusts serve to maintain estates.  Below, the two basic trusts are compared: revocable and irrevocable. However, when firmly deciding which trust to invest in, a discussion with an attorney will provide you with in-depth information and professional guidance. 

The terms of a revocable trust can be changed at any time, whereas an irrevocable trust cannot be modified without the approval of the beneficiaries. If you choose to put property in a revocable trust, you maintain the ownership of the trust and have complete control over it.  The property can always be taken out of the trust, and you control everything that happens to it.  In terms of the IRS, revocable and irrevocable trusts are treated the same.  However, if you choose an irrevocable trust, you essentially lose personal control over it.  The trust claims ownership over the property and controls its future.  The former owner of the trust (you) would not be able to remove the property from the trust or sell the trust itself.  The future of the trust can only be controlled by the beneficiaries. 

Choosing which trust is right for you depends entirely on your individual circumstances.  However, the purposes of each trust can be separated based on their standard uses: usually, irrevocable trusts are used for estate and federal estate tax purposes, and revocable trusts (a.k.a. living trusts) are initiated to evade probate issues but do not affect your federal income or estate income taxes. 

This decision should be made with the consultation of an attorney.  An attorney will be able to guide you and explain each type of trust in more detail.  With the information and purpose of each trust, you will be able to make an informed decision on what will most benefit you and your family. 

To read IIyce Glink and Samuel J. Tamkin’s full article, click the link below. 

https://www.washingtonpost.com/business/2020/06/17/purposes-revocable-vs-irrevocable-trusts/