On Behalf of Tunnell & Raysor, P.A. | Nov 12, 2015 | Residential Real Estate
If real estate investors in Delaware only look at the national metrics for the U.S. housing market, they might come away with the false impression that houses are not affordable right now. Over the past three years, U.S. housing prices have increased by 17 percent....
On Behalf of Tunnell & Raysor, P.A. | Oct 29, 2015 | Residential Real Estate
The availability of online real estate listings has transformed how real estate is bought and sold in Delaware and around the country. Too many people have unrealistic expectations derived from these listings, however. It is important for people to understand the...
On Behalf of Tunnell & Raysor, P.A. | Oct 13, 2015 | Real Estate Transactions
While many people in Delaware may dream about one day owning a large commercial property, few are able to actually accomplish it. However, real estate investment trusts provide a potential investment option that can allow individual investors to diversify their...
On Behalf of Tunnell & Raysor, P.A. | Oct 1, 2015 | Mortgages
"Redlining" is the practice of banks or mortgage companies selectively offering credit based on an applicant's race, color, sex, religion or national origin. Redlining was once a common practice in Delaware and other states, but it is now prohibited by Federal law....
On Behalf of Tunnell & Raysor, P.A. | Sep 17, 2015 | Residential Real Estate
The Internet has revolutionized many kinds of businesses in recent years, and Delaware residents are now able to shop for goods, pay their bills and compare vacation destinations online. The complex structure and highly regulated nature of U.S. residential real estate...
On Behalf of Tunnell & Raysor, P.A. | Sep 2, 2015 | Residential Real Estate
Delaware residents may recall how some media outlets compared the 2014 purchase of the Waldorf Astoria Hotel in New York City by a Chinese investment group with the buying of iconic Manhattan real estate by Japanese companies in the 1980s. Japanese investors quickly...
On Behalf of Tunnell & Raysor, P.A. | Aug 18, 2015 | Mortgages
Homeowners in Delaware who are thinking about taking out a reverse mortgage home loan may have a few different options available to them. The most popular reverse mortgage loan is the home equity conversion mortgage, or HECM. This type of loan tends to have the lowest...
On Behalf of Tunnell & Raysor, P.A. | Aug 6, 2015 | Mortgages
People who are planning to purchase homes in Delaware may be pleased to learn that mortgage rates are at historically low levels. On July 30, the Federal Home Loan Mortgage Corporation, also known as Freddie Mac, released a report about mortgage rates called the...
On Behalf of Tunnell & Raysor, P.A. | Jul 23, 2015 | Mortgages
Many people in Delaware paying more than they have to for their home mortgage, according to a report from Black Knight Financial Services. The report looked at data from May 2015 and found that 6.5 million mortgage borrowers could qualify for lower mortgage payments...
On Behalf of Tunnell & Raysor, P.A. | Jul 8, 2015 | Real Estate Transactions
Delaware homeowners who are dealing with financial challenges may face the need to decide how to deal with a mortgage that is not manageable. Some financial institutions may consider working through situations to allow homeowners the opportunity to bring their loans...
