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August 24, 2010
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Did You Know?    
 
 
Covenant condition restriction is an agreement, usually included in the deed to a property
This tool acts as restricting the manner in which the property can be used. For example, a deed for a residential property may contain a covenant that the owner won’t permit “noxious uses” on the property, or any of a lengthy list of particular offenses such as stables, factories and so forth.

 


  Newsroom  
 


News about real estate cases in Detroit and nationwide:

HUD Releases $3 Billion In Emergency Funding To Mississippi
WASHINGTON – Housing and Urban Development Secretary Alphonso Jackson today announced he is releasing $3 billion to the state of Mississippi to hel...
Read more >


Office Of Real Estate Appraisers Cracks Down On Unethical Behavior Of Real Estate Appraisers
The first case involved an accusation of performing appraisals in a series of transactions in which Mr. Thomas E. Williams, of Riverside, was alleg...
Read more >


Buildings Commissioner Elevated to Fellowship Status in the American Institute of Architects
Commissioner Lancaster said, "It's a great honor to be recognized by my peers for my contributio...
Read more >


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Real Estate Terms

 


Today's Terms

Access Control

Definition:
Power of Government to restrict/control a property owner's right to create entrances and exits on a public road. After a roadway is designed, built, and in use, there will be instances in which someone will request permission to create a driveway or entrance onto the roadway.

Escrow account

Definition:
A separate account into which the lender puts a portion of each monthly mortgage payment; an escrow account provides the funds needed for such expenses as property taxes, homeowners insurance, mortgage insurance, etc.

Discount point

Definition:
Normally paid at closing and generally calculated to be equivalent to 1% of the total loan amount, discount points are paid to reduce the interest rate on a loan.

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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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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 Detroit 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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