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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Squatters’ Rights and Adverse Possession in Real Estate
By Janet Howard Under New York Consolidated Laws, Real Property Actions and Proceedings Law - RPA § 501; and for the purposes of this article: Adverse possessor is a person or entity and is an “adverse possessor” of real property when the person or entity occupies real property of another person or entity with or…
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What Kinds of Property Deeds Are There?
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 the 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…
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