By Erin Telesford The greatest financial crisis in the United States was the last recession which spanned from December 2007 to June 2009. During this time, unemployment rates were raised by about 6.1% resulting in a loss of consumer spending and business investments. Before the recession, many Americans bought houses using mortgages they couldn’t afford,…
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Types of Property Deeds
By Susan M. Keenan The legal documents used to transfer titles to real estate are referred to as property deeds. The names of the legal owners to real estate are placed directly onto the property deeds. Each time a piece of real estate is sold, a new property deed must be issued. The two most…
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Are Judicial Foreclosures on the Rise Amid the COVID 19 Pandemic?
By Norma Lewis, LLM I a judicial foreclosure, the property owner gives a mortgage and note to a lender in exchange for a loan. The real property is collateral for the loan. Suppose the borrower fails to repay the loan or otherwise defaults on the loan by failing to follow the loan terms. In that…
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Should you Buy a Foreclosure?
Many buyers consider foreclosed homes when looking for their next house. While an attractive option because of price, this may not be a good fit for every buyer. A home foreclosure is like the repossession of a vehicle or other valuable possession. If a previous owner failed to make their payments on time, the loan…
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Moving to the Suburbs
The ongoing COVID-19 pandemic has changed how many Americans think of where they live. According to data from a recent Harris Poll, nearly a third of U.S. citizens are considering moving to less densely populated areas. Trading in city living for many close-knit suburb communities provides lower crime rates, more affordable costs and larger living…
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