Real Estate Newsletters

As-Is Clauses in Real Estate Sale Contracts

In today's white-hot real estate market, more and more sellers are listing there properties for sale "as is." What does this mean to a prospective buyer? When a seller indicates that a property is being sold "as-is," the seller is essentially offering the property on a take-it or leave-it basis.

Mortgage Servicing

Jason just settled on his first home. During the closing Jason received a document that discussed mortgage servicing. In essence, the document indicated that Jason's lender transferred 99.9% of the loans it originated in the last year to another entity. And, just yesterday, Jason received a notice from his lender of its intention to sell his loan. What does all of this mean?

The Fair Housing Act

In 1968, Congress enacted the Fair Housing Act (FHA). The law can be found at 42 U.S.C.S. § 3601.

Transfers or Assigments of Mortgages

In the real estate finance industry, it is not uncommon for a mortgage loan to be sold one or more times during the life of the loan. When a mortgage lender transfers or assigns its interest in a mortgage loan to another party, some type of written document must be filed to put others on notice of the transfer.

Trees -- Damage to or Destruction of by Persons Other than the Property Owner

A tree is owned by the property owner on whose property the trunk of the tree sits. When a property owner has an interest in a tree, the property owner has the right to recover in the event the tree is damaged or destroyed by another.

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