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February 27, 2010
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Did You Know?    
 
 
A Rehabilitation mortgage is a mortgage that covers the costs of repairing or improving
Rehabilitation mortgage is a mortgage that covers the costs of rehabilitating (repairing or Improving) a property; some rehabilitation mortgages - like the FHA's 203(k) - allow a borrower to roll the costs of rehabilitation and home purchase into one mortgage loan.

 


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News about real estate cases in Memphis and nationwide:

Jackson Testifies To The House Financial Services Committee
Housing and Urban Development Secretary Alphonso Jackson today appealed to Congress to approve the Bush Administration’s Fisc...
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California's Real Estate Regulations Of Broker Supervision
Broker SupervisionA broker shall exercise reasonable supervision over the activities of his or her salespersons. Reasonable s...
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Real Estate Terms

 


Today's Terms

ARM

Definition:
Adjustable Rate Mortgage; a mortgage loan subject to changes in interest rates; when rates change, ARM monthly payments increase or decrease at intervals determined by the lender; the Change in monthly -payment amount, however, is usually subject to a Cap.

Borrower

Definition:
A person who has been approved to receive a loan and is then obligated to repay it and any additional fees according to the loan terms.

Closing

Definition:
Also known as settlement, this is the time at which the property is formally sold and transferred from the seller to the buyer; it is at this time that the borrower takes on the loan obligation, pays all closing costs, and receives title from the seller.

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Real Estate Hot Topics

 
Topics Related to Real Estate Law:

  • Commercial Real Estate
  • Construction
  • Condemnation
  • Landlord / Tenant
  • Mortgage Matters

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Memphis Real Estate Attorney

 
If you live in the following cities and need an real estate attorney you should contact our Real Estate Attorney as soon as possible:

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All attorney listings are a paid attorney advertisement, and do not in any way constitute a referral or endorsement by an approved or authorized lawyer referral service. The information provided on Memphis Real Estate Lawyers.com is not intended to be real estate advice, but merely conveys general information related to real estate issues commonly encountered.

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