Real Estate Law Articles

Although there are no standardized rules in the United States about what types of or how much of mold is “toxic,” high concentrations of mold have been associated with respiratory problems, skin rashes, headaches, lung disease, memory loss, brain damage and infant death. As a homeowner or tenant, it is important to be aware of what steps you should take if you suspect a mold problem in your home--and how to file a lawsuit against responsible parties if you suffer personal injury from toxic mold in your home. 

A mortgage is the most frequently used method in the financing of real estate business deals. A mortgage is an arrangement where a borrower puts the title to a piece of real estate up as collateral (called a “security”) in order to get a loan to purchase the real estate. The party who is the borrower is referred to as the “mortgagor,” and the party who provides the loan in exchange for the security’s interest is called the “mortgagee.”

Foreclosure is the legal process through which a lien holder (typically a lender) terminates a mortgage holder’s right to a property when the homeowner fails to keep up with repayment of his or her mortgage. Typically in a foreclosure, the home is put up for forced sale at a public auction so that the proceeds can be applied towards the remaining mortgage. Being aware of how foreclosure law works in your state, as well as being informed of common pitfalls to avoid when buying a home, can help you protect yourself against foreclosure.

For the potential new homeowner, there are a number of common pitfalls to avoid when buying a home. There are numerous predatory home sales scams to be aware of so that you may protect yourself against them. Individuals who are buying a home who get drawn into these scams often become trapped in expensive mortgages that they are unable to pay and/or properties that are in such bad condition that they can never be resold.