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Real Estate Newsletters

Bi-Weekly Payment Plans

Today, many homeowners opt to re-pay their mortgage obligations through bi-weekly payment programs. In fact, many mortgage lenders allow homeowners to make the election when the homeowner obtains the financing to purchase a new home.

Movers’ Bills of Lading

A bill of lading is a document that is prepared by a mover when a customer contracts for the transportation and delivery of a shipment of furniture and furnishings. The bill of lading is the mover’s receipt for the household goods and the contract for their transportation. It is not a contract, but it does form part of the contract between the mover and the customer.

Private Mortgage Insurance

If you purchase a home and make a down payment of less than 20% of the purchase price, you may be required to purchase private mortgage insurance (PMI). In essence, PMI is a fee which provides compensation to the lender in the event the borrower defaults on the mortgage.

Recognition and Prevention of Carbon Monoxide Poisoning

Every year, numerous people suffer ill health effects as the result of carbon-monoxide poisoning. Carbon monoxide is a poison gas which has no color or odor. Thus, it can easily go unnoticed in the home.

Sharecropping

Generally speaking, the term “sharecropping” refers to an agreement between a property owner and another person whereby the property owner hires the other person to farm the property owner’s land. In exchange for the person’s labors, the person is entitled to receive a share of the crop or harvest.