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Tag Archives: real estate attorney

15 Aug, 2023
Mortgage Contingency Clause- The Lifebuoy For Buyers in a Contract of Sale

By kalantarovlaw | Real Estate | 0 Comments

What is a Mortgage Contingency Clause in a Contract of Sale and Why is it Important For Buyers? A mortgage contingency clause in a Contract of Sale allows the buyer to withdraw from the agreement without financial penalty if they are unable to secure a mortgage loan under specified terms and conditions. A mortgage contingency […]

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16 Mar, 2017
What is an FHA Loan and Do I Qualify?

By kalantarovlaw | Real Estate | 0 Comments

What is an FHA Loan and Do I Qualify? What is an FHA Loan? An FHA loan is a mortgage insured by the Federal Housing Administration. The FHA is a governmental agency within the U.S. Department of Housing and Urban Development. Borrowers with FHA loans pay for mortgage insurance which protects the lender from loss […]

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13 Feb, 2017
Understanding Closing Costs- What is Mortgage Recording Tax?

By kalantarovlaw | Real Estate | 0 Comments

What is Mortgage Recording Tax? When you buy a home you will notice a number of fees and taxes that are charged to you or the other party at closing. Quite often buyers and sellers know little about what they are paying for and why. We have already discussed one of these charges, Transfer Taxes, […]

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07 Feb, 2017
What is Title Insurance and Do I Need It?

By kalantarovlaw | Real Estate | 1 Comments

What is Title Insurance and Do I Need It? Purchasing a home is usually the biggest investment one will ever make. It is crucial to protect your investment with a peace of mind that comes with purchasing title insurance.  Title insurance is not to be confused with homeowner’s insurance. Homeowner’s insurance protects against loss from […]

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