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February 06, 2012
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Did You Know?    
 
 
Equity skimming is a type of scam
In this type of scam, a "buyer" approaches you, offering to get you out of financial trouble by promising to pay off your mortgage or give you a sum of money when the property is sold. The "buyer" may suggest that you move out quickly and deed the property to him or her. The "buyer" then collects rent for a time, does not make any mortgage payments, and allows the lender to foreclose.

 


  Newsroom  
 


News about real estate cases in Nashville and nationwide:

Federal Indictment In Foreclosure Scam Targeting Homeowners
A federal grand jury has returned a new indictment that adds three defendants to a case stemming from a $12 million foreclosure scam in which homeo...
Read more >


New CFA Analysis of Real Estate Cartel Explains How It Can Set Prices
New CFA Analysis of Real Estate Cartel Explains How It Can Set Prices  WASHINGTON - June 19 - This morning, the Con...
Read more >


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...
Read more >


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Real Estate Terms

 


Today's Terms

Freddie Mac

Definition:
Federal Home Loan Mortgage Corporation (FHLM); a federally-chartered corporation that purchases residential mortgages, securitizes them, and sells them to investors; this provides lenders With funds for new homebuyers.

Mortgage insurance

Definition:
A policy that protects lenders against some or most of the losses that can occur when a borrower defaults on a mortgage loan; mortgage insurance is required primarily for borrowers with a down payment of less than 20% of the home's purchase price.

HUD1 Statement

Definition:
Also known as the "settlement sheet," it itemizes all closing costs; must be given to the borrower at or before closing.

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Real Estate Resources

 


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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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Nashville Real Estate Attorney

 
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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 Nashville 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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