The Downside to Refinancing…

What’s the downside to refinancing your home? We’re looking at historically low interest rates right now. If you’re looking to move very soon, maybe it wouldn’t be worth it. Other than that, refinancing can lower your monthly obligation so that you can use that money to pay off debt, do home improvements or even make plans for the future.
In preparation, make sure you find a trusted loan professional. Be organized by having all your documents ready. With these things in order, it should go smoothly.
Whether your loan professional usually works with Stiles Law or not, ask to work with us on your refinance! If you mention this video, we will waive the title exam fee ($150-$250).
The time is now! There isn’t much of a downside to taking this opportunity to save some cash.
If you have any questions about refinancing, contact us by calling (781) 319-1900.
Copyright © 2019 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

Stiles Law on WATD – How Has COVID-19 Changed Real Estate Practices?

 

Mark Stiles spoke with the folks at WATD to discuss how COVID-19 has been changing and transforming the real estate industry locally. He touches on Stiles Law’s use of the drive-through option to handle refinance closings, remote ink sign notarizations, how his team has adapted in order to succeed, and the decline of the open house in our current climate and perhaps for good. Listen for more.

If you have any questions contact us by calling (781) 319-1900.

Copyright © 2019 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

Coronavirus PSA 2 (& Waiting on RON)

 

An update during this Corona nightmare:

We are anxiously awaiting state legislation to allow us to notarize documents virtually. At present, we are still required to meet people face-to-face to get this done. Encourage MA state reps to push through with RON or “Remote Online Notary” so we can allow everyone to do closings from the safety of their homes.

Meanwhile, drive-through closings are happening over at Stiles Law: https://bit.ly/343dcLj

As we mentioned in the past, keep vigilant about scams! Especially regarding the Payroll Protection Program. For information about this go to www.SBA.gov NOT www.SBA.com. Always double check the URL, this is an easy way to get scammed.

In other news, we’re pausing on estate planning documents for now. We can absolutely chat about your hopes and dreams while we wait, and when RON becomes available, we can facilitate those more readily. Reach out to bcote@stiles-law.com for help regarding estate planning.

If you have any other questions, contact us by calling (781) 319-1900. Stay safe.

Copyright © 2019 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

Coronavirus PSA (& What to Do as a Landlord)

 

In these ever-changing times, we’ve been updating almost daily on our Facebook page. Check us out here.

We’ve been taking in information from some smart people over at the Dr. Joe Show about protocols and how to handle this virus. Something really important is to let others know who is sick. Don’t keep it on the “DL,” everyone needs to know if they have had contact with someone who tests positive so that they can protect others. Keeping that information secret will not help flatten the curve.

Now, a note to landlords: a lot of our tenants will be losing their jobs soon. How can we handle this? First and foremost, make sure to communicate with them and ask how they are doing. See what you can do to help. Secondly, you should talk about how to proceed in light of the current and near future hardships. Work together to deal with rent and mortgage and be open. Perhaps figure out what they can afford and worry about the rest later.

On a final note, we were a sponsor for the annual Marshfield Education 5K. As a result of this no longer happening, we have a lot of unused Gatorades. Since the virus may come with a heavy bout of dehydration, we would be happy to deliver these extra drinks to anyone in need of them.

If you’re feeling the symptoms, it’s Tylenol, vitamin C and hydration.

While practicing safe spacing, we’re available for your conversations virtually. No obligations. If you have any questions or concerns, contact us by calling (781) 319-1900.

Copyright © 2019 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

Coronavirus Federal Relief Scams

 

Beware of financial relief scams! During this time of uncertainty, our elders are especially vulnerable to phone calls from scam artists.

Have conversations with the senior citizens in your life about not falling prey to calls regarding government-issued relief acts, like a check that may come in the mail for them. These calls will ask for banking info, social security info, etc. Remind them the government is never going to call and ask for these things.

Be diligent. Cyber attackers are coming in full force with phishing expeditions to try and fool people. Remind our senior citizens not to give out their info or be taken advantage of. They can be trusting and may believe there’s an honest person on the line.

Also consider they may have already been duped and are too embarrassed to tell anyone. We must keep the vultures at bay in this troubling time.

Phones and email lines are always open over at Stiles Law. If you have any questions about financial relief scams, contact us by calling (781) 319-1900.

Stiles Law, with offices located in Boston and Marshfield, Massachusetts, is a firm concentrating in real estate conveyancing and mortgage lending services, representing buyers, sellers, borrowers, banks, mortgage companies, investors, builders and developers in all of their real estate and mortgage transactions. Stiles Law serves all areas of eastern Massachusetts–the North Shore, Boston, and Cape Cod, in addition to the entire South Shore, including: Plymouth, Kingston, Duxbury, Hanover, Pembroke, Marshfield, Scituate, Norwell, Cohasset, Hull, Hingham, Weymouth, Braintree, and Quincy.

Copyright © 2019 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

What is the Difference Between Nominee and Assignee?

 

A question came up during our Real Estate class asking, “What is the difference between a nominee and an assignee?” A buyer usually has the right to nominate a nominee to purchase the property. This has no impact on the seller. Common nominees include estate planning revocable trusts, real estate investment trusts, LLCs or corporations. A nominee is ordinarily a related entity to the buyer named in the purchase and sale agreement.

An assignment occurs when the buyer assigns their interest in the purchase and sale agreement to someone else. An assignee is an entirely different person or entity. As a seller, with an assignee, be aware that it may be someone else at the closing. What does that mean? The assignee will “step into the shoes” of the buyer, attend the closing and be bound by the terms of the purchase and sale agreement. The purchase and sale agreement may not permit an assignment without permission of the seller.

Using a nominee can be helpful with estate planning. Buyers who may want to name a nominee should include “or my nominee.” Without this language, a buyer may be forced (depending on the circumstance) to close in your name.

If you have any questions about selling your home or buying a home, contact Stiles Law by calling (781) 319-1900.

Copyright © 2019 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.