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Latest video published 9/3/2019
- Redemption Follows Judicial Foreclosure
An owner’s one year redemption period after a judicial foreclosure sale on recourse debt.
- Word-of-the-Week: Usury
Usury – A limit on the lender’s interest rate yield on nonexempt real estate loans.
- Word-of-the-Week: Dual Agent
Dual agent – A broker who simultaneously represents the best interest of opposing parties in a transaction, such as both the buyer and the seller.
- Word-of-the-Week: Slander of Title
Slander of title - False and malicious statements disparaging an owner's title to property resulting in money losses to the owner.
- Highest Bidder Acquires the Property
Issuance of a certificate of sale to the successful bidder on the completion of a judicial foreclosure sale.
- Word-of-the-Week: Exclusive-right-to-sell and right-to-buy listings
Exclusive-right-to-sell and right-to-buy listings - A written employment agreement by a broker and a prospective buyer of real estate employing and entitling the broker to a fee when property is purchased during the listing period.
- The Notice of Judicial Sale
Off to the races – proper handling of the notice of judicial sale at least 20 days before the sale.
- Word-of-the-Week: Grant deeds
Grant deed – A document used to pass a fee simple interest in real estate from the grantor to another individual, unless a lesser interest is stated, such as an easement, life estate or leasehold interest.
- The Foreclosure Decree and Notice of Levy
Introducing the foreclosure decree, court-appointed levying officer and writ of sale.
- Word-of-the-Week: Lead-based paint hazard
Lead-based paint hazard – Any condition that causes exposure to lead from lead-contaminated dust, soil or paint which has deteriorated to the point of causing adverse human health effects.
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