| Whether to Rent or Buy a Home |
|
| At some point, most individuals consider the issue of renting a home versus buying a home. It is a big decision with far-reaching financial implications. As part of the decision-making process, it may be helpful to use a rent/buy calculator (easily found on the Internet). Such a calculator will not, however, provide a clear answer. A consideration of other issues is necessary. More... |
|
|
| Disclosures in Residential Real Estate Transactions |
|
| One of the biggest decisions in a person's life is the decision to buy real estate. The excitement often associated with the purchase of a new home can be overshadowed by disappointment once the newness wears off and defects become apparent. Generally, the rule of "caveat emptor" -- buyer beware -- requires the buyer to conduct a reasonable inspection of the premises to discover defects and imperfections. More... |
|
|
| Possession |
|
| An owner of property retains ownership of that property even though the owner has lost or misplaced the property. However, anyone who finds and possesses the lost or misplaced property retains a right to possess it against everyone except the true owner.
More... |
|
|
| The Home Mortgage Disclosure Act |
|
| In 1975, Congress enacted the Home Mortgage Disclosure Act (HMDA). The statute can be found at 12 U.S.C.S. §2801. More... |
|
|
| Title Examinations |
|
| Al just found out that the offer he submitted to purchase his dream house was accepted by the seller. Al has begun working out the details of his mortgage loan with his lender. The lender advised him that a title examination is required as a part of the closing process.
More... |
|
|