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Nutter Claims Proposed Property Tax Hike Not True

Mayor Nutter Property Taxes

Today Philly.com posted a piece in regards to the recently made public budget of Gov. Corbett. The budget would inevitably decrease funds to much needed programs in the city. There was of course speculation that there could there be another property-tax hike on the horizon to deal with some of the cuts? “Your question is tremendously premature and we’ve had no discussion about that,” Mayor Nutter told the Daily News today. “We’ve been analyzing the governor’s budget which was introduced and we do not know at … [Read more...]

Irene delaying Philadelphia Real Estate Transactions

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Hurricane Irene created massive flooding throughout Philadelphia and the surrounding areas, property damage across delaware valley and power outages to many.  But wait Ms. Irene is not complete her damage. The aftermath of Irene may delay the funding of your or your clients new mortgage financing. Can you imagine showing up at the title insurance company for settlement only to learn that the proceeds from your loan will not be available until the property is re-inspected?  Oh boy! The problem is obvious.  The adoption of … [Read more...]

What Is Title Insurance?

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From our experience, title insurance is like most other insurances - you hardly ever need to use it, but when you do it saves your pocketbook - and in this case - it can save your house and your financial investment. Let's look more at what is title insurance and why do you need title insurance. Title insurance is directly related to the plot of land in Philadelphia that you are either looking to purchase or looking to refinance. Home owners insurance (also known as fire insurance or hazard insurance) covers the physical aspects … [Read more...]