Why are houses with unpaid property taxes a unique opportunity? One simple reason, they are almost never impeded by mortgages. The reason is that if the property was mortgaged, the mortgage company would most certainly pay off the property taxes in order to avoid losing the property at tax sales and because most mortgage payments …
Escrow is best known in the context of real estate. An escrow account is setup by an impartial third party such as a bank, lending institution or real estate agent. The escrow holds all the valid documents, deeds and contracts that the buyers and sellers must sign. Close of escrow refers to the closing of …
The Fair Housing Act administered and enforced by the United States Department of Housing and Urban Development (HUD) contains rights and provisions that protect the interests of individuals in regard to most types of housing. For example, in the sale or rental of housing and in mortgage lending, certain actions cannot be taken against an …
Buying and selling a house or other property is one of the biggest and most important transactions in a person’s life. When it comes to buying a property, people need to look for a place that best suits their needs and that they will enjoy living in. With selling these individuals need to make sure …
While it is not mandatory to have legal representation when getting a mortgage, there are things you should know about hiring a mortgage attorney. It is beneficial to retain the services of a mortgage attorney as they do all the legal legwork for you. Mortgage attorneys come in handy when trying to negotiate with your …
As a result of the slump in the real estate market people have come up with different ways of making their property more attractive to a buyer. One of these ways is the Short Sale. A short sale of a piece of property is one in which the property is sold for less than the …
Foreclosure is the legal process involving a lawsuit brought about by a bank, mortgage company or other lender that seeks to take an owner’s property in order to satisfy a debt. There are many places where you can obtain listings of foreclosures for free. To start, you can find foreclosure listings in your Country Recorder’s …