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Fraud in Real Estate Transactions

Eric saw an ad for a house that sounded perfect. He went to see the house and met John, the purported owner of the house. In fact, John's aunt owned the house. Eric offered John the full purchase price for the house. In...

Like-Kind Exchanges

What Is a Like-Kind Exchange?

Internal Revenue Code § 1031 provides the procedure for a little-used tax shelter known as a like-kind exchange. In essence, §1031 allows the exchange of business or...

Land Installment Contracts

What Is A Land Installment Contract?

A land installment contract, also known as a contract for deed, is a financing mechanism where title to real property remains in the seller until the buyer has paid the...

Judgment Liens against Property

Once a court reaches a determination that one party owes another party money, the court issues a judgment. A judgment, quite simply, constitutes a judicial determination that one party owes another party money and nothing more. Once a judgment...

Mortgages -- Satisfaction

Introduction

When a borrower pays off a mortgage or deed of trust, the lender on the mortgage or deed of trust must record a notice that it no longer holds a security interest in the...