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February 06, 2012

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Real Estate Resources

The best way to inform yourself about Delaware Real Estate Law and Real Estate related topics. Our Real Estate Resource Center includes the following sites for your personal use:

Are you currently looking to purchase Delaware real estate? If so, contact one of our experienced Delaware real estate lawyers today!

Did You Know?

A Reverse mortgage is also known as HECM
Section 255: Home Equity Conversion Mortgages (Reverse Mortgages, a.k.a. HECM) allows a borrower aged 62 and older to borrow against the equity in a property that has limited outstanding debt. A subject property under this program must be an existing one-to four-unit dwelling in which the mortgagor occupies one of the units. It may be a condo if in a FHA approved project. Manufactured homes are eligible if the home complies with outstanding FHA guidance.

	Newsroom
	News about real estate cases in Delaware and nationwide: No Speculative Bubble In Housing Prices, No Speculative Bubble In Housing Prices, CU-Boulder Business Professor Says While rising interest rates and increased inve... Read more > April Survey Of Real Estate Trends Finds Continued Gains In Real Estate Markets "Our surveys have shown steady improvement in real estate markets since early last year," FDIC Chairman Ricki Helfer said. "We are pleased to repor... Read more > Office Of Real Estate Appraisers Cracks Down On Unethical Behavior Of Real Estate Appraisers The first case involved an accusation of performing appraisals in a series of transactions in which Mr. Thomas E. Williams, of Riverside, was alleg... Read more > More Real Estate News >

Real Estate Terms

Today's Terms

Lease purchase

Definition:
Assists low- to moderate-income homebuyers in purchasing a home by allowing them to lease a home with an option to buy; the rent payment is made up of the monthly rental payment plus an additional amount that is credited to an account for use as a down payment.

Debt-to-income ratio

Definition:
A comparison of gross income to housing and non-housing expenses; With the FHA, the-monthly mortgage payment should be no more than 29% of monthly gross income (before taxes) and the mortgage payment combined with non-housing debts should not exceed 41% of income.

HUD

Definition:
The U.S. Department of Housing and Urban Development; established in 1965, HUD works to create a decent home and suitable living environment for all Americans; it does this by addressing housing needs, improving and developing American communities, and enforcing fair housing laws.

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Real Estate Resources

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Real Estate Hot Topics

Topics Related to Real Estate Law:

Commercial Real Estate
Construction
Condemnation
Landlord / Tenant
Mortgage Matters

Delaware Real Estate Attorney

If you live in the following cities and need an real estate attorney you should contact our Real Estate Attorney as soon as possible:

Bear
Camden Wyoming
Claymont
Clayton
Dover
Dover Afb
Felton
Georgetown
Greenwood
Harrington
Hockessin
Laurel
Lewes

Magnolia
Middletown
Milford
Millsboro
Milton
New Castle
Newark
Rehoboth Beach
Seaford
Selbyville
Smyrna
Townsend
Wilmington

Legal Disclaimers
All attorney listings are a paid attorney advertisement, and do not in any way constitute a referral or endorsement by an approved or authorized lawyer referral service. The information provided on Real Estate Attorney Delaware.com is not intended to be real estate advice, but merely conveys general information related to real estate issues commonly encountered.

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