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Mortgage Professor about real estate home inspections: | |||||||||||||||||||||||
HUD's Proposals For Reform
October 19, 2002 On July 29, 2002, HUD released a set of proposals to substantially change the ways in which home loans are originated in the US. As usual, the proposals were open for comment, and many thousands of them were received. Mine was among them, and is shown ... more... Which Reverse Mortgage Plan Do I Choose? April 8, 2003 ?I am 79. The counselor I saw in connection with my reverse mortgage told me that Fannie Mae?s Home Keeper product would provide me with more money than FHA?s Home Equity Conversion Mortgage, but that Home Keeper would cost me more. The decision was mine ... more... |
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real estate home inspections related definitions |
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RESPA
Real Estate Settlement Procedure Act (RESPA) A federal law passed in 1974 that requires lenders to provide home mortgage borrowers in advance with information of known or estimated settlement costs. RESPA also limits the amount lenders may require to be held in escrow for ... more... Equity Equity The difference between the fair market value and current indebtedness, also referred to as the owner's interest. The value an owner has in real estate over and above the obligation against the property. Equity increases as the mortgage is paid or as the property enjoys ... more... |
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More about real estate home inspections The Professional Investors Plan Building Permits and Inspections How Much Home Can You Afford In Today's Market? Home Loans Would You Buy a Home Without an Inspection? Due Dilegence 101 Or What You Do Not Know Can Kill You! - Part 1 Save Yourself from Homebuying Disasters What You Need to Know to About Your Mortgage Transaction Mortgage Info You Can Actually Understand! Negotiating the Purchase of Your Home High Tension for the Buyer and Seller of Real Estate Can Be Reduced
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