Glossary of Mortgage Terms The purchase of a home can be overwhelming. So too, can the prospect of securing financing. Some terms in frequent use with regard to mortgages are as follows: Adjustable rate mortgage (ARM) – The interest rate on an adjustable rate...
As-Is Clauses in Real Estate Sale Contracts 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...
Homeowners Insurance and Limits on Coverage of Valuables A home is usually an individual’s largest investment, so most people have taken the precaution of acquiring adequate insurance coverage on their home. However, many also keep their most valuable...
Factors to Consider When Renting Due to the nature of landlord-tenant relationships, it is not surprising that they can often become contentious. To prevent or address problems between landlords and their tenants, the federal government and many states have enacted...
|Conservation Easements and Private LandThe Fifth Amendment to the U.S. Constitution states, in part, that private property shall not be “taken for public use, without just compensation.” In order to take property, the government must first condemn it...
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