Realtor® – a real estate broker or an associate who holds active membership in a local real estate board that is affiliated with the National Association of REALTORS® Not all real estate agents or licensees are Realtors® – why does that make a difference?  A real estate licensee that is not a Realtor® is not […]

  Title Insurance: Insurance that protects the lender (lender’s policy) or the buyer (owner’s policy) against loss arising from disputes over ownership of the property. In Albuquerque real estate transactions, it is a customary practice that the seller will pay for the owner’s policy on the closing of their Albuquerque home.  The interesting part is […]

We are often asked ‘what are closing costs’ when a buyer is purchasing a home and a seller is selling a  home.  These typical closing costs vary from market place to market place. In Albuquerque, for example, customary closing costs for sellers are the title fees, and the buyers’ closing costs are typically anything associated […]

First in a series of articles regarding ‘real estate words’ that you might encounter in your search for an Albuquerque home or while selling your Albuquerque home. Acceleration clause A provision in a mortgage that gives the lender the right to demand payment of the entire principal balance if a monthly payment is missed, or […]