| 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.More... |
| Tangible and Intangible Property |
| Property is an external thing that can be owned or possessed. Property can be divided into two categories: tangible and intangible. The word tangible refers to something that has a definable physical form that can be felt or touched. The word intangible refers to something that cannot be perceived by the senses.More... |
| Home Inspections |
| Often when a homebuyer enters into an agreement of sale for the purchase of a home, the agreement contains a provision which entitles to homebuyer to a home inspection. The homebuyer's right to a home inspection is determined by the terms of the parties' agreement of sale. Certainly, purchasing a home is a significant financial transaction. A home inspection can be crucial to the homebuyer's understanding of the condition of the home, as well as the necessity of any repairs.More... |
| Interstate Land Sales Full Disclosure Act |
| In 1968, Congress enacted the Interstate Land Sales Full Disclosure Act, 15 U.S.C.S. § 1701 (1998). In enacting the law, it was Congress' purpose to eliminate fraud in interstate sales of land. Briefly stated, the law requires certain disclosures in connection with the sale of vacant land. Despite numerous challenges since its enactment, the Interstate Land Sales Full Disclosure Act has passed constitutional muster. More... |
| Nonconforming Uses, Conditional Use Permits, and Variances |
| Zoning ordinances enforce or develop a comprehensive plan to divide property within a governmental entity's borders. The ordinances restrict a property owner's use of his or her private property so that the public's health, safety, and welfare are protected, maintained, and developed. Zoning ordinances affect the structures that already exist within the governmental entity's borders at the time the ordinances are enacted.More... |
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