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February 2017 Archives

Real estate buyers sometimes turn to hard money lenders

Homebuyers in Delaware and around the country generally seek financing from traditional lenders and choose between conforming, nonconforming, FHA and VA loans, but there are situations where unconventional sources of money may be useful. Those who take out a conventional mortgage usually expect to keep their loans for many years, but those seeking to renovate and flip a residential property quickly or require short-term financing of some sort may choose to approach a hard money lender rather than a mortgage broker.

Preventing easement disputes with contracts

Delaware property owners are sometimes asked to grant easements on their properties to others, including neighbors, utilities companies or municipalities. Easements are needed when other people need to use your property, and they may lead to disputes over property boundaries and what the holder of the easement will be allowed to do while it is on the property.