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February 06, 2012
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Did You Know?    
 
 
Three theories exist regarding who has legal title to a mortgaged property
Under the title theory title to the security interest rests with the mortgagee. Most states, however, follow the lien theory under which the legal title remains with the mortgagor unless there is foreclosure. Finally, the intermediate theory applies the lien theory until there is a default on the mortgage whereupon the title theory applies.
 


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News about real estate cases in Atlanta and nationwide:

Martinez Announces 'Homebuyer Bill Of Rights' - Part Of Bush
WASHINGTON - Individuals and families who want to buy or refinance a home will find the process significantly easier under a proposal announced tod...
Read more >

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Real Estate Terms

 


Today's Terms

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.

Ginnie Mae

Definition:
Government National Mortgage Association (GNMA); a government-owned corporation overseen by the U.S. Department of Housing and Urban Development, Ginnie Mae pools FHA-insured and VA-guaranteed loans to back securities for private investment

30-Day Notice

Definition:
This is a notice that may be given to a person who will be required to move a residence, business or personal property as a result of your agency's project.

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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:

  • Acworth
  • Albany
  • Alpharetta
  • Athens
  • Atlanta
  • Augusta
  • Columbus
  • Cumming
  • Dalton
  • Decatur
  • Douglasville
  • Duluth
  • Griffin
  • Hephzibah
  • Hinesville
  • Jonesboro
  • Kennesaw
  • Lawrenceville
  • Lilburn
  • Lithonia
  • Loganville
  • Marietta
  • Milledgeville
  • Moultrie
  • Newnan
  • Norcross
  • Powder Springs
  • Ringgold
  • Rome
  • Roswell
  • Savannah
  • Smyrna
  • Stockbridge
  • Stone Mountain
  • Suwanee
  • Tifton
  • Warner Robins
  • Woodstock
 


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