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February 27, 2010

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Real Estate Resources

The best way to inform yourself about South Dakota Real Estate Law and Real Estate related topics. Our Real Estate Resource Center includes the following sites for your personal use:

Are you currently looking to purchase South Dakota real estate? If so, contact one of our experienced South Dakota real estate lawyers today!

Did You Know?

A Reverse mortgage is also known as HECM
Section 255: Home Equity Conversion Mortgages (Reverse Mortgages, a.k.a. HECM) allows a borrower aged 62 and older to borrow against the equity in a property that has limited outstanding debt. A subject property under this program must be an existing one-to four-unit dwelling in which the mortgagor occupies one of the units. It may be a condo if in a FHA approved project. Manufactured homes are eligible if the home complies with outstanding FHA guidance.

	Newsroom
	News about real estate cases in South Dakota and nationwide: Commissioner Garamendi Responds To Judge’s Ruling On Insurance Industry Challenge To Emergency Homeowners Regulations I’m here to tell you that this judge’s decision is dead wrong. As Insurance Commissioner, it is my job to protect the consumer. It is my du... Read more > April Survey Of Real Estate Trends Finds Continued Gains In Real Estate Markets "Our surveys have shown steady improvement in real estate markets since early last year," FDIC Chairman Ricki Helfer said. "We are pleased to repor... Read more > Buildings Commissioner Elevated to Fellowship Status in the American Institute of Architects Commissioner Lancaster said, "It's a great honor to be recognized by my peers for my contributio... Read more > More Real Estate News >

Real Estate Terms

Today's Terms

Fair market value

Definition:
The hypothetical price that a willing buyer and seller will agree upon when they are acting freely, carefully, and with complete knowledge of the situation.

Foreclosure

Definition:
A legal process in which mortgaged property is sold to pay the loan of the defaulting borrower.

Annual Percentage Rate (APR):

Definition:
Calculated by using a standard formula, the APR shows the cost of a loan; expressed as a yearly interest rate, it includes the interest, points, mortgage insurance, and other fees associated with the loan.

More Real Estate Terms >

Real Estate Resources

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Real Estate Hot Topics

Topics Related to Real Estate Law:

Commercial Real Estate
Construction
Condemnation
Landlord / Tenant
Mortgage Matters

South Dakota Real Estate Attorney

If you live in the following cities and need an real estate attorney you should contact our Real Estate Attorney as soon as possible:

Aberdeen
Brookings
Huron
Mitchell
Pierre
Rapid City

Sioux Falls
Spearfish
Vermillion
Watertown
Yankton

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 Attorneys South Dakota.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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