| Residential Real Estate Sales -- The Final Walk-Through |
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| In connection with a residential real estate sale, it is not uncommon for a buyer to "walk through" the house one or more times before the closing takes place.
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| Foreclosure and Redemption of Residential Purchase-Money Mortgages |
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| Typically, a purchaser of residential real estate pays for the property with funds that are obtained from a lender, called the mortgagee, through a mortgage transaction. In exchange for the funds, the purchaser, called the mortgagor, promises to repay the funds and gives the mortgagee a security interest in the property to secure the repayment. In the event that the mortgagor does not repay the funds as required by the mortgage document or is otherwise in default, the mortgagee may foreclose on the mortgage. More... |
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| Real Estate Law |
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| Renting vs. Buying: Should you rent or buy a home? More... |
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| Water Damage -- When a Property Owner Is Liable to a Neighbor |
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| The issue of a property owner's liability for water damage is largely a matter of state law. However, a property owner is not liable for things he or she cannot control. More... |
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| Escheat |
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| Briefly stated, the law of escheat mandates the reversion of an individual's property to the state in the event the individual dies without heirs or when the property is abandoned by the individual. The law of escheat applies to real property, as well as personal property.
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