Repayment Variations: Adjustable Rate Mortgage
Periodic adjustments to the interest rate under an adjustable rate mortgage (ARM).
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Category: Video
Word-of-the-Week: Hypothecation
Hypothecation is defined as the pledge of something as security without the necessity of giving up possession.
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Word-of-the-Week: Conflict of Interest
A conflict of interest is when a broker or their agent has a competing professional or personal bias which hinders their ability to fulfill their fiduciary duties.
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Straight Notes
Use of a straight note to call for the entire amount of principal to be paid in a single lump sum due at the end of a period of time.
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Installment Notes: Interest-Included and Interest-Extra
Use of interest-included and interest-extra installment notes to set the repayment schedule of debt.
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Word-of-the-Week: Appraisal
An appraisal is an individual’s opinion or estimate of a property’s value on a specific date, reduced to writing in an appraisal report.
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Introduction to Promissory Notes
Types of promissory notes and the function of usury law to prevent exorbitant interest rates and bad lender behavior.
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Word-of-the-Week: Force Majeure
Force majeure is an unanticipated event which renders a transaction participant unable to fill their contractual obligations.
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Evidence of the Debt
Use of a promissory note to evidence the borrower’s promise to pay
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Word-of-the-Week: Blockbusting
Blockbusting is the prohibited practice of inducing a property owner to list their property for sale in response to a change taking place in the neighborhood demographics.
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Title by Claims of Adverse Possession
Five critical elements to establish title by adverse possession based on a claim of right or color of title.
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Word-of-the-Week: The Quick Tell-All about Easements
An easement is a right held by one property owner to use the land of another for a specific purpose.
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Describing the Property Conveyed
Use of a common address or legal description to sufficiently describe the property being conveyed.
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Words of Conveyance for a Fee or Less
Use of a quitclaim deed to convey whatever interest, if any, the grantor may hold in the real estate.
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The Grantee
Conveying title to real estate when the seller inadvertently misnames the grantee in the recorded deed.
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The Grantor
Qualifications of a grantor capable of conveying an interest in real estate.
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A Deed in Writing, with Exceptions
Words of conveyance and validity requirements of a grant deed or quitclaim deed.
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A Deed by Any Name is a Grant
The use of a grant deed to transfer an interest in title to real estate.
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Property Appraisal and Mortgage Approval
The lender’s appraisal of a property on receipt of a borrower’s mortgage application, and later approval to fund
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Advertising Guidelines for Sales and Rentals
Avoiding discrimination when advertising a dwelling for sale or rent
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