Property Help Guides

How to Create a Real Estate Purchase Agreement
What Is a Real Estate Purchase Agreement? A real estate purchase agreement (a.k.a. purchase and sale agreement) is used to lay out all the important terms of a transaction between a buyer and seller of real estate. LegalNature’s real estate......
6 Ways to Defend Against Foreclosure on a Mortgage
When property is put in foreclosure, it means that the borrower is in default under the terms of the home loan and the lender is retaking title to the property. In states that allow use of a mortgage agreement, as opposed to a deed of trust,......
6 Ways to Defend Against Foreclosure on a Deed of Trust
Foreclosure is the process by which a lender retakes real estate when a borrower defaults on a home loan. In states that allow the use of a deed of trust as opposed to a mortgage agreement, most homes are foreclosed through a process called......
How New Lending Requirements Better Protect Homebuyers
In 2008, the Federal Reserve adopted a new Truth in Lending Act and then updated the act in 2010 with the Dodd-Frank Wall Street Reform and Consumer Protection Act (or Dodd-Frank Act for short). These acts were adopted to set up a system of......
Should I Use a Mortgage or a Deed of Trust?
Whether you should use a mortgage agreement or a deed of trust when buying a house depends on which state the property is located in. In both documents, the home loan borrower promises to hand over the title to the property to the lender if......
How to Create Your Own Deed of Trust
Completing the Form In the first part of the form you will fill in the relevant names, addresses, and other party information involved in the transaction. This part usually takes the longest to complete, but is really just a matter of......
Are Mortgage Rates Too Low?
In May 2016, homeowners were struggling with a rare problem: mortgage rates were insanely low that it made more financial sense NOT to sell your home. Right now, selling your home and buying a new one would likely mean trading in your low rate......
How to Qualify for a Mortgage
The first step when contemplating buying a home is to figure out how much you can afford to spend. Knowing your price range will put your house hunt in perspective and help you narrow down your search. It is important here not to convince......
What Type of Deed Should I Use: General, Special, or Quit Claim Deed?
Differences between the Deeds General Warranty Deed A general warranty deed is the most common type of deed used for transferring real estate. It basically promises that: not only does the seller have good and proper title to sell the......
How Do Quit Claim Deeds Work?
Quit claim deeds are used for quickly and easily transferring titles to real estate to a new owner. Often, quit claim deeds are used when the property is not being sold but is merely being transferred between friends or family members. The......