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Real
Estate Topics
There are many different topics related to this particular legal practice area. We invite everyone to read up on the following topics related to Maine Real Estate Lawyers.
There are many different areas and aspects of real estate that
Maine Real Estate Lawyers handle, including:
Stopping foreclosure with Deed-in-lieu of foreclosure can be done
This won't save your house, but it is not as damaging to your credit rating as a foreclosure. You can qualify if: you are in default and don't qualify for any of the other options,your attempts at selling the house before foreclosure were unsuccessful, and you don't have another FHA mortgage in default.
Newsroom
News about real estate cases in Maine and nationwide:
Definition:
Also known as the "settlement sheet," it itemizes all closing costs; must be given to the borrower at or before closing.
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.
Escrow account
Definition:
A separate account into which the lender puts a portion of each monthly mortgage payment; an escrow account provides the funds needed for such expenses as property taxes, homeowners insurance, mortgage insurance, etc.
If you live in the following cities and need an real estate attorney you should contact
our Real Estate Attorney as soon as possible:
Auburn
Augusta
Bangor
Biddeford
Brunswick
Lewiston
Portland
Saco
Sanford
Scarborough
South Portland
Waterville
Westbrook
Windham
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 Maine.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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