| Accretion |
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| The term "accretion" refers to the process by which an area of real property is increased due to the gradual deposit of soil from a boundary river, stream, lake, pond, or tidal waters. The legal implications that stem from accretion derive from ancient common law. More... |
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| Falling Behind on Your Mortgage Payments |
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| Many circumstances can cause a borrower to fall behind in his or her mortgage payments. More... |
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| Mortgagee Insurance |
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| Most residential real estate transactions involve a mortgagee. A mortgagee is the financial institution that loans the money to enable the homeowner to purchase the real estate. The mortgagee is a creditor of the homeowner. When the mortgagee lends the funds, it takes back a security interest in the real estate. As a secured creditor, the mortgagee is entitled to protect its interest in the real estate to the extent of the unpaid balance of the mortgage. More... |
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| Wrap-Around Mortgages |
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| A wrap-around mortgage refers to a type of loan transaction. With a wrap-around mortgage, a lender (often the seller of property) assumes or continues responsibility for an existing mortgage and makes a new mortgage for an additional sum which essentially "wraps" around the old mortgage, because the lender will make the payments on the old mortgage.
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| Water Damage -- When a Property Owner Is Liable to a Neighbor |
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| The issue of a property owner's liability for water damage is largely a matter of state law. However, a property owner is not liable for things he or she cannot control. More... |
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