What is a Timeshare?Timeshares are basically a shared ownership of property. Timeshares have been sold in a variety of properties; however, they are most popular for shares in condominiums at resorts. By creating a shared ownership, developers are able t
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What is a Tax Lien? A tax lien is a claim by the Internal Revenue Service against a debtor's property or funds for failure to pay income taxes. When a person does not pay their taxes the I.R.S. may attempt to recover the money owed in taxes by placing a
Continue reading >>The HUD-1 is a form used by the settlement agent (also called the closing agent) to itemize all charges imposed upon a borrower and seller for a real estate transaction. It gives each party a complete list of their incoming and outgoing funds.
Continue reading >>A breach of real estate contract may occur when the terms and conditions of a real estate contract are not followed.
Continue reading >>Laches is a type of equitable defense wherein a plaintiff is prevented from bringing a claim because they delayed too long in filing it.
Continue reading >>It’s been almost five years since the bank bailouts and the federal takeover of mortgage giants Fannie Mae and Freddie Mac. Yet we are still far from determining what our future housing finance system will look like.
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