Evidence of the Debt
Use of a promissory note to evidence the borrower’s promise to pay
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Category: Video
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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RESPA Disclosures
Mortgage-related charges to be disclosed under the Real Estate Settlement Procedures Act (RESPA)
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Civil Rights and Fair Housing Laws
Yes, systemic racism can exist in real estate too
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The Borrower’s Debt-to-Income Ratio and Ability to Repay
Analyzing a borrower’s ability to pay by considering their willingness and capacity
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Additional Components of the URLA Application
Final sections of the Uniform Residential Loan Application (URLA); Declarations; Acknowledgments and agreements; Demographic information; Loan Originator Information
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URLA Section 4: Loan and Property Information
Borrower entry of information about the purpose of a mortgage and the property they intend to purchase or refinance with it.
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URLA Section 2 & 3: Financial Information
The borrower’s entry of assets, liabilities and other properties owned in the Uniform Residential Loan Application (URLA).
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URLA Section 1: Borrower Information
Documenting the borrower’s personal identifying information and income from employment and other sources.
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Fundamentals of the Uniform Residential Loan Application
Authorization for the lender to start the mortgage packaging process
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