| Land Installment Contracts |
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| A land installment contract, also known as a contract for deed, is a financing mechanism where title to real property remains in the seller until the buyer has paid the sale price of the property in full. The buyer is required to pay the sale price in installments over a period of years.More... |
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| Estimating the Costs of Interstate Moving Expenses -- The Non-Binding Estimate |
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| Federal law regulates the business of carriers who transport household goods from one state to another. Federal laws and the regulations adopted by the Federal Motor Carrier Safety Administration (FMCSA) come into play to advise customers of their rights, including the right to have a mover provide a written estimate of the cost of the move. The estimate may be either binding or nonbinding. With each kind of estimate, certain rules apply.More... |
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| Home Inspections |
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| 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... |
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| Disclosures in Residential Real Estate Transactions |
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| 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.More... |
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| Mortgage Loans with Balloon Payments |
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| A mortgage loan with a balloon payment provision is very different from a traditional mortgage loan. Usually, mortgage loans with balloon payment provisions are second mortgages as opposed to first mortgages (also known as purchase-money mortgages).More... |
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