| The Doctrine of Waste |
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| The rationale behind the doctrine of waste is that one who is entitled to receive a future interest in real property is entitled to receive the property in the same condition it was in at the time the future interest was created by the original grantor. Although the doctrine of waste may prevent changes that increase the value of the property, more often it refers to action or inaction that damages the property in some respect.More... |
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| Private Mortgage Insurance |
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| If you purchase a home and make a down payment of less than 20% of the purchase price, you may be required to purchase private mortgage insurance (PMI). In essence, PMI is a fee which provides compensation to the lender in the event the borrower defaults on the mortgage.More... |
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| Housing Discrimination Against Prospective Tenants |
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| Generally, a landlord is free to rent his or her premises to anyone he or she chooses. The landlord does not have that same freedom if the housing is part of a federally-subsidized complex or the property is privately owned by a landlord who owns more than four units. The landlord can only refuse to rent his premises to a prospective tenant if the landlord has a tangible reason that is non-discriminatory.More... |
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| Reverse Mortgages |
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| In order to determine whether a reverse mortgage is right for you, it is important to learn as much as you can about the nature of reverse mortgages and to make a full consideration of their advantages and disadvantages.More... |
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| Timeshares |
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| A timeshare is an interest in real property. The nature of the interest varies somewhat, depending on the nature of the timeshare itself, but usually the buyer acquires the right to use a specified property during a certain period of time each year.More... |
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