| Judgment Liens and Other Types of Liens against Real Property |
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| Most agreements for the sale of real estate contain a clause that requires the seller to convey "marketable title" or "merchantable title" to the buyer. In essence, "marketable title" refers to a title free of encumbrances. A lien is an encumbrance upon real property, and the existence of a lien on real property renders the title unmarketable. More... |
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| Foreclosure and Redemption of Residential Purchase-Money Mortgages |
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| Typically, a purchaser of residential real estate pays for the property with funds that are obtained from a lender, called the mortgagee, through a mortgage transaction. In exchange for the funds, the purchaser, called the mortgagor, promises to repay the funds and gives the mortgagee a security interest in the property to secure the repayment. In the event that the mortgagor does not repay the funds as required by the mortgage document or is otherwise in default, the mortgagee may foreclose on the mortgage. More... |
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| Square Footage of a Home |
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| In almost every sale listing for a home, there is some indication of the square footage of the home. How is the square footage of a home determined? More... |
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| Radon In The Home -- The Dangers |
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| For years, there was been widespread news coverage regarding the dangers of radon gas in the home. Radon gas is the second leading cause of lung cancer in the United States. It is invisible and has no taste. Accordingly, a specific type of testing must be performed in order to determine the presence of radon gas in the home.
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| Termite Inspections |
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| In residential real estate transactions, it is not uncommon for standard contracts to contain a clause that makes the buyer's consummation of the transaction contingent upon the home passing a termite inspection. More... |
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