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August 24, 2010

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Real Estate Resources

The best way to inform yourself about Minnesota 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 Minnesota real estate? If so, contact one of our experienced Minnesota 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 Minnesota and nationwide: 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 > Martinez Announces 'Homebuyer Bill Of Rights' - Part Of Bush WASHINGTON - Individuals and families who want to buy or refinance a home will find the process significantly easier under a proposal announced tod... Read more > More Real Estate News >

Real Estate Terms

Today's Terms

PMI

Definition:
Private Mortgage Insurance; privately-owned companies that offer standard and special affordable mortgage insurance programs for qualified borrowers with down payments of less than 20% of a purchase price.

Borrower

Definition:
A person who has been approved to receive a loan and is then obligated to repay it and any additional fees according to the loan terms.

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.

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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

Minnesota 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:

Andover
Anoka
Austin
Bemidji
Brainerd
Burnsville
Circle Pines
Cottage Grove
Eden Prairie
Elk River
Faribault
Hastings

Lakeville
Mankato
Minneapolis
Moorhead
Osseo
Owatonna
Rochester
Saint Cloud
Saint Paul
Stillwater
Winona

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 Lawyer Minnesota.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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