| Intestate Succession |
| When a person dies with a will, the person is said to have died "testate." If a person dies without a will, the person is said to have died "intestate." In the case of an intestate person, the law of intestate succession governs the distribution of the person's property following the person's death.More... |
| Private Mortgage Insurance |
| If you purchase a home and make a down payment of less than 20% of the purchase price, you may be required to purchase private mortgage insurance (PMI). In essence, PMI is a fee which provides compensation to the lender in the event the borrower defaults on the mortgage.More... |
| Pre-Closing Occupancy |
| In the real estate market, it is not uncommon for a buyer to ask for permission from a seller to move into a house prior to closing. It may be that the house involved in the transaction is vacant. It may also be that the buyer has sold his or her house and needs to vacate the old house prior to the closing on the new house.More... |
| Housing Discrimination Against Prospective Tenants |
| Generally, a landlord is free to rent his or her premises to anyone he or she chooses. The landlord does not have that same freedom if the housing is part of a federally-subsidized complex or the property is privately owned by a landlord who owns more than four units. The landlord can only refuse to rent his premises to a prospective tenant if the landlord has a tangible reason that is non-discriminatory.More... |
| Negligent Misrepresentation in Real Estate Transactions |
| Real estate transactions present situations in which negligent misrepresentation can occur. Negligent misrepresentation, insofar as the area of tort law is concerned, is usually defined by state law.More... |
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