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February 26, 2010
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Did You Know?    
 
 
Proposed Construction is properties approved for mortgage insurance prior to the beginning of construction
This means that the DE Statement of Appraised Value or Early Start letter has been issued by the DE Underwriter for the property prior to pouring of the footing. For high ratio loans, provide either the appraisal or Early Start letter AND at least three inspections (initial, framing and final) by a HUD fee approved panel inspector or approved local jurisdiction.

 


  Newsroom  
 


News about real estate cases in Atlanta 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 >


Real Estate Services Company Settles Privacy Charge
A title company that promised consumers it maintained "physical, electronic and procedural safeguards" to protect their confidential financial info...
Read more >


Commissioner Garamendi Responds To Judge’s Ruling On Insurance Industry Challenge To Emergency Homeowners Regulations
I’m here to tell you that this judge’s decision is dead wrong.

As Insurance Commissioner, it is my job to protect the consumer. It is my du...

Read more >


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Real Estate Terms

 


Today's Terms

FHA

Definition:
Federal Housing Administration; established in 1934 to advance homeownership opportunities for all Americans; assists homebuyers by providing mortgage insurance to lenders to cover most losses that may occur when a borrower defaults; this encourages lenders to make loans to borrowers who might not qualify for conventional mortgages.

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.

Closing

Definition:
Also known as settlement, this is the time at which the property is formally sold and transferred from the seller to the buyer; it is at this time that the borrower takes on the loan obligation, pays all closing costs, and receives title from the seller.

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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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Atlanta Real Estate Attorney

 
If you live in the following cities and need an real estate attorney you should contact our Real Estate Attorney as soon as possible:

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