If you’re a HUD landlord, you’re renting your property through the Section 8 program (also called Housing Choice Vouchers). Through Section 8, landlords receive the portion of a tenant’s rent that, in most cases, exceeds 30 percent of his household income. The rights that HUD landlords enjoy fall with state and local regulations that govern Continue reading →
An escheat is equally the notion of a piece of property lacking appropriate possession, and the act of transferring possession of the house into the reigning governmental agency. This occurs when, for some reason, the last proprietor of the house passed away without naming an acceptable owner in succession. Therefore, escheat property is typically considered Continue reading →
When a homeowner doesn’t make his mortgage payments on time, the lender has the legal right to claim the residence under foreclosure rules. Typically, the lending institution will attempt to sell the home to recoup its losses. Foreclosure rules such as the time frame required before the lender can legally sell your home really depend Continue reading →