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February 27, 2010

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Real Estate Resources

The best way to inform yourself about Utah Real Estate Law and Real Estate related topics. Our Real Estate Resource Center includes the following sites for your personal use:

Are you currently looking to purchase Utah real estate? If so, contact one of our experienced Utah real estate lawyers today!

Did You Know?

A Reverse mortgage is also known as HECM
Section 255: Home Equity Conversion Mortgages (Reverse Mortgages, a.k.a. HECM) allows a borrower aged 62 and older to borrow against the equity in a property that has limited outstanding debt. A subject property under this program must be an existing one-to four-unit dwelling in which the mortgagor occupies one of the units. It may be a condo if in a FHA approved project. Manufactured homes are eligible if the home complies with outstanding FHA guidance.

	Newsroom
	News about real estate cases in Utah and nationwide: New CFA Analysis of Real Estate Cartel Explains How It Can Set Prices New CFA Analysis of Real Estate Cartel Explains How It Can Set Prices WASHINGTON - June 19 - This morning, the Con... Read more > Houston Housing Sales Heat Up With Pre-Summer Temperatures March Brings in Record-Breaking Home Sales and Out-Performs the U.S. HOUSTON — (April 25, 2006) — March home sales in the great... Read more > Commissioner Garamendi Responds To Judge’s Ruling On Insurance Industry Challenge To Emergency Homeowners Regulations I’m here to tell you that this judge’s decision is dead wrong. As Insurance Commissioner, it is my job to protect the consumer. It is my du... Read more > More Real Estate News >

Real Estate Terms

Today's Terms

Equity

Definition:
An owner's financial interest in a property; calculated by subtracting the amount still owed on the mortgage loon(s)from the fair market value of the property.

Lease purchase

Definition:
Assists low- to moderate-income homebuyers in purchasing a home by allowing them to lease a home with an option to buy; the rent payment is made up of the monthly rental payment plus an additional amount that is credited to an account for use as a down payment.

Assumable mortgage

Definition:
A mortgage that can be transferred from a seller to a buyer; once the loan is assumed by the buyer the seller is no longer responsible for repaying it; there may be a fee and/or a credit package involved in the transfer of an assumable mortgage.

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Real Estate Resources

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Real Estate Hot Topics

Topics Related to Real Estate Law:

Commercial Real Estate
Construction
Condemnation
Landlord / Tenant
Mortgage Matters

Utah 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:

American Fork
Bountiful
Brigham City
Cedar City
Clearfield
Draper
Kaysville
Layton
Lehi
Logan
Magna
Midvale
Ogden
Orem

Pleasant Grove
Provo
Riverton
Roy
Saint George
Salt Lake City
Sandy
South Jordan
Spanish Fork
Springville
Tooele
Vernal
West Jordan

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 Real Estate Attorney Utah.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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