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Did You Know?
Three theories exist regarding who has legal title to a mortgaged property
Under the title theory title to the security interest rests with the mortgagee. Most states, however, follow the lien theory under which the legal title remains with the mortgagor unless there is foreclosure. Finally, the intermediate theory applies the lien theory until there is a default on the mortgage whereupon the title theory applies.
Real Estate is defined as the land and anything growing on, attached
to, or erected on a designated plot of land. This excludes anything
that may be severed without injury to the land. Real estate property
can be categorized as either corporeal (soil and buildings) or incorporeal
(easements) accommodations. If you are located in another part of the United States contact one of our real estate lawyers nationwide. Real estate lawyers facilitate the transactions
between owners of specific plots of land.
The value of farm real estate at the national level ncreased by 22 percent from 1994 to 1998,All regions showed percent increases of more than 16 percent except for the Northeast, which had the least gain at 6 percent.
1994
1995
1996
1997
1998
268
289
332
366
392
Source: usda
In order to pass the title of a property, a deed with a proper
description of the land must be executed and delivered. This is
where you need a Nevada Real Estate Lawyer. The federal and
state government govern real estate transactions by having passed
statutes and common laws to regulate how titles pass from owner
to owner. A real estate lawyer can help you with the day-to-day
specifics of ownership transaction and other aspects and concerns
of real estate.
There are many different areas and aspects of real estate that
Nevada Real Estate Lawyers handle, including:
The Marketplace Report: Housing Market
Audio, RM, 44 Kbps, 3:06, 3/2/2005
Despite predictions of a slowdown in the real estate market, U.S. housing prices continue to skyrocket. John Dimsdale of Marketplace says part of the reason may be that Americans are buying second homes in record numbers. Source: National Public Radio
Definition:
The inability to pay monthly mortgage payments in a timely manner or to otherwise meet the mortgage terms.
Mortgage insurance
Definition:
A policy that protects lenders against some or most of the losses that can occur when a borrower defaults on a mortgage loan; mortgage insurance is required primarily for borrowers with a down payment of less than 20% of the home's purchase price.
Good faith estimate
Definition:
An estimate of all closing fees including pre-paid and escrow items as well as lender charges; must be given to the borrower within three days after submission of a loan application.
If you live in the following cities and need an real estate attorney you should contact
our Real Estate Attorney as soon as possible:
Boulder City
Carson City
Elko
Fallon
Gardnerville
Henderson
Las Vegas
North Las Vegas
Pahrump
Reno
Sparks
Sun Valley
Winnemucca
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 Nevada Real Estate Attorney.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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Did You Know?
United States Department of Agricultural
Nevada Real Estate Continuing Education Class - HUD