Today, we’re going to talk about an important issue called title insurance. A lot of people know about homeowner’s insurance but not necessarily “title insurance.” If a house catches fire and there is physical damage to the building, the owner is covered because of the homeowner’s insurance. Similarly, if there is an unpaid debt against […]
June 18, 2014 By
New Condo v. Old Condo
Usually condo buyers have two options: either buy an “old condominium”, i.e. secondhand (usually buying from an individual owner) or a “new condo”, i.e., sponsor unit (buying directly from the developer). Real Estate Taxes If you are buying a sponsor unit, the condition of the unit is usually brand new, unless the sponsor rented it […]
