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A real estate contract typically does not convey or transfer ownership of real estate by itself. A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically ...
Learn about the history, role and regulation of legal document assistants (LDAs) in the US, who are non-lawyers authorized to assist with legal instruments. Find out how LDAs differ from paralegals, notaries and online legal document providers.
REMIC stands for real estate mortgage investment conduit, an entity that holds a fixed pool of mortgages and issues securities to investors. Learn how REMICs work, what types of mortgages they can hold, and how they are taxed under U.S. law.
A mortgage is a loan secured by real property, usually used to buy or refinance a home. Learn about the basic concepts, legal regulation, and different types of mortgages in this comprehensive article.
Closing is the final step in what is often a lengthy process associated with a real estate sale. The time between signing a purchase and sale agreement and reaching the closing table can take a ...
Learn about the tax benefits and rules of Section 1031, which allows taxpayers to defer capital gains and income tax on the exchange of certain types of property, mainly real property. Find out how Section 1031 works, what are the requirements and exceptions, and how it differs from pre-2018 and post-2017 provisions.
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