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February 26, 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 Indianapolis and nationwide:

Washington Real Estate Investment Trust Acquires 6565 Arlington Blvd for $30 Million
 

ROCKVILLE, Md.--(BUSINESS WIRE)--Aug. 11, 2006--Washington Real Estate Investment Trust (WRIT) (NYSE:WRE) has acquired 6565 Arlingto...

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Federal Indictment In Foreclosure Scam Targeting Homeowners
A federal grand jury has returned a new indictment that adds three defendants to a case stemming from a $12 million foreclosure scam in which homeo...
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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...
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Real Estate Terms

 


Today's Terms

Foreclosure

Definition:
A legal process in which mortgaged property is sold to pay the loan of the defaulting borrower.

ARM

Definition:
Adjustable Rate Mortgage; a mortgage loan subject to changes in interest rates; when rates change, ARM monthly payments increase or decrease at intervals determined by the lender; the Change in monthly -payment amount, however, is usually subject to a Cap.

Discount point

Definition:
Normally paid at closing and generally calculated to be equivalent to 1% of the total loan amount, discount points are paid to reduce the interest rate on a loan.

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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

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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
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  • Carmel
  • Columbus
  • Connersville
  • Crawfordsville
  • Crown Point
  • East Chicago
  • Elkhart
  • Evansville
  • Fishers
  • Fort Wayne
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  • Huntington
  • Indianapolis
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  • Kokomo
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  • Marion
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  • Noblesville
  • Peru
  • Plainfield
  • Portage
  • Richmond
  • Seymour
  • Shelbyville
  • South Bend
  • Terre Haute
  • Valparaiso
  • Vincennes
  • West Lafayette
 


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