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February 06, 2012
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Did You Know?    
 
 
Proposed Construction is properties approved for mortgage insurance prior to the beginning of construction
This means that the DE Statement of Appraised Value or Early Start letter has been issued by the DE Underwriter for the property prior to pouring of the footing. For high ratio loans, provide either the appraisal or Early Start letter AND at least three inspections (initial, framing and final) by a HUD fee approved panel inspector or approved local jurisdiction.

 


  Newsroom  
 


News about real estate cases in New Orleans and nationwide:

Washington Real Estate Investment Trust Acquires 6565 Arlington Blvd for $30 Million
 

ROCKVILLE, Md.--(BUSINESS WIRE)--Aug. 11, 2006--Washington Real Estate Investment Trust (WRIT) (NYSE:WRE) has acquired 6565 Arlingto...

Read more >


HUD Releases $3 Billion In Emergency Funding To Mississippi
WASHINGTON – Housing and Urban Development Secretary Alphonso Jackson today announced he is releasing $3 billion to the state of Mississippi to hel...
Read more >


Jackson Testifies To The House Financial Services Committee
Housing and Urban Development Secretary Alphonso Jackson today appealed to Congress to approve the Bush Administration’s Fisc...
Read more >


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Real Estate Terms

 


Today's Terms

Mortgage insurance

Definition:
A policy that protects lenders against some or most of the losses that can occur when a borrower defaults on a mortgage loan; mortgage insurance is required primarily for borrowers with a down payment of less than 20% of the home's purchase price.

30-Day Notice

Definition:
This is a notice that may be given to a person who will be required to move a residence, business or personal property as a result of your agency's project.

Delinquency

Definition:
Failure of a borrower to make timely mortgage payments under a loan agreement.

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Real Estate Hot Topics

 
Topics Related to Real Estate Law:

  • Commercial Real Estate
  • Construction
  • Condemnation
  • Landlord / Tenant
  • Mortgage Matters

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