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July 20, 2010
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Did You Know?    
 
 
A Rehabilitation mortgage is a mortgage that covers the costs of repairing or improving
Rehabilitation mortgage is a mortgage that covers the costs of rehabilitating (repairing or Improving) a property; some rehabilitation mortgages - like the FHA's 203(k) - allow a borrower to roll the costs of rehabilitation and home purchase into one mortgage loan.

 


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News about real estate cases in Washington and nationwide:

Real Estate Services Company Settles Privacy Charge
A title company that promised consumers it maintained "physical, electronic and procedural safeguards" to protect their confidential financial info...
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Two arrested on federal bribery charges in connection with ticket-fixing scheme at Adjudication Services Branch
>

Washington, D.C. - United States Attorney Roscoe C. Howard, Jr., Acting Assistant Direc...
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Real Estate Terms

 


Today's Terms

Cap

Definition:
A limit, such as that placed on an adjustable rate mortgage, on how much a monthly payment or interest rate can increase or decrease.

FHA

Definition:
Federal Housing Administration; established in 1934 to advance homeownership opportunities for all Americans; assists homebuyers by providing mortgage insurance to lenders to cover most losses that may occur when a borrower defaults; this encourages lenders to make loans to borrowers who might not qualify for conventional mortgages.

Fair market value

Definition:
The hypothetical price that a willing buyer and seller will agree upon when they are acting freely, carefully, and with complete knowledge of the situation.

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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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Washington 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:

  • Arlington
  • Auburn
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  • Kennewick
  • Kent
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  • Oak Harbor
  • Olympia
  • Pasco
  • Port Orchard
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  • Richland
  • Seattle
  • Shelton
  • Snohomish
  • Spanaway
  • Spokane
  • Sumner
  • Tacoma
  • Vancouver
  • Walla Walla
  • Wenatchee
  • Woodinville
  • Yakima
 


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