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February 06, 2012
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Did You Know?    
 
 
Equity skimming is a type of scam
In this type of scam, a "buyer" approaches you, offering to get you out of financial trouble by promising to pay off your mortgage or give you a sum of money when the property is sold. The "buyer" may suggest that you move out quickly and deed the property to him or her. The "buyer" then collects rent for a time, does not make any mortgage payments, and allows the lender to foreclose.

 


  Newsroom  
 


News about real estate cases in Detroit and nationwide:

Washington Real Estate Investment Trust Acquires 6565 Arlington Blvd for $30 Million
 

ROCKVILLE, Md.--(BUSINESS WIRE)--Aug. 11, 2006--Washington Real Estate Investment Trust (WRIT) (NYSE:WRE) has acquired 6565 Arlingto...

Read more >


California's Real Estate Regulations Of Broker Supervision
Broker SupervisionA broker shall exercise reasonable supervision over the activities of his or her salespersons. Reasonable s...
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 >


More Real Estate News >

 
 

Real Estate Terms

 


Today's Terms

Borrower

Definition:
A person who has been approved to receive a loan and is then obligated to repay it and any additional fees according to the loan terms.

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.

Housing counseling agency

Definition:
Provides counseling and assistance to individuals on a variety of issues, including loan default, fair housing, and homebuying.

More Real Estate Terms >

 

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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Detroit 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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  • Detroit
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Legal Disclaimers
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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