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February 27, 2010

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Real Estate Resources

The best way to inform yourself about Minneapolis 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 Minneapolis real estate? If so, contact one of our experienced Minneapolis 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 Minneapolis and nationwide: Hud Housing Program The Uniform Act, passed by Congress in 1970, is a federal law that establishes minimum standards for federally funded programs and projects that re... Read more > Farm Real Estate Values Continue Upward WASHINGTON, Aug. 2, 2002 - U.S. farm real estate values, including land in buildings, averaged $1,210 per acre as of January 1, 2002, up 5.2 percen... Read more > 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... Read more > More Real Estate News >

Real Estate Terms

Today's Terms

Closing

Definition:
Also known as settlement, this is the time at which the property is formally sold and transferred from the seller to the buyer; it is at this time that the borrower takes on the loan obligation, pays all closing costs, and receives title from the seller.

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.

Default

Definition:
The inability to pay monthly mortgage payments in a timely manner or to otherwise meet the mortgage terms.

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Real Estate Hot Topics

Topics Related to Real Estate Law:

Commercial Real Estate
Construction
Condemnation
Landlord / Tenant
Mortgage Matters

Minneapolis 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 Minneapolis 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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