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July 20, 2010

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Real Estate Resources

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

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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 Indianapolis 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 > Buildings Commissioner Elevated to Fellowship Status in the American Institute of Architects Commissioner Lancaster said, "It's a great honor to be recognized by my peers for my contributio... 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.

Fair Market Value

Definition:
The price which a willing buyer will pay a willing seller for a piece of real estate.

Amortization

Definition:
Repayment of a mortgage loan through monthly installments of principal and interest; the monthly payment amount is based on a schedule that will allow you to own your home at the end of a specific time period (for example, 15 or 30 years)

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Real Estate Hot Topics

Topics Related to Real Estate Law:

Commercial Real Estate
Construction
Condemnation
Landlord / Tenant
Mortgage Matters

Indianapolis 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:

Bloomington
Brownsburg
Carmel
Columbus
Connersville
Crawfordsville
Crown Point
East Chicago
Elkhart
Evansville
Fishers
Fort Wayne
Franklin
Goshen
Granger
Greenfield
Greenwood
Hobart
Huntington
Indianapolis
Jeffersonville
Kokomo
La Porte

Lafayette
Logansport
Marion
Martinsville
Merrillville
Michigan City
Mishawaka
Muncie
New Albany
New Castle
Newburgh
Noblesville
Peru
Plainfield
Portage
Richmond
Seymour
Shelbyville
South Bend
Terre Haute
Valparaiso
Vincennes
West Lafayette

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 Indianapolis 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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