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February 26, 2010

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Real Estate Resources

The best way to inform yourself about Oklahoma 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 Oklahoma real estate? If so, contact one of our experienced Oklahoma 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 Oklahoma and nationwide: Real Estate Services Company Settles Privacy Charge A title company that promised consumers it maintained "physical, electronic and procedural safeguards" to protect their confidential financial info... Read more > Houston Housing Sales Heat Up With Pre-Summer Temperatures March Brings in Record-Breaking Home Sales and Out-Performs the U.S. HOUSTON — (April 25, 2006) — March home sales in the great... 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

Debt-to-income ratio

Definition:
A comparison of gross income to housing and non-housing expenses; With the FHA, the-monthly mortgage payment should be no more than 29% of monthly gross income (before taxes) and the mortgage payment combined with non-housing debts should not exceed 41% of income.

Lease

Definition:
A lease is an agreement between a landlord, property owner or property manager and a tenant. The agreement covers issues such as rental amount and length of time the lease is in effect. The rental amount may include or exclude property taxes, garbage pickup fees, utility costs, property maintenance and other expenses.

Freddie Mac

Definition:
Federal Home Loan Mortgage Corporation (FHLM); a federally-chartered corporation that purchases residential mortgages, securitizes them, and sells them to investors; this provides lenders With funds for new homebuyers.

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Real Estate Hot Topics

Topics Related to Real Estate Law:

Commercial Real Estate
Construction
Condemnation
Landlord / Tenant
Mortgage Matters

Oklahoma 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:

Ada
Altus
Ardmore
Bartlesville
Bethany
Broken Arrow
Chickasha
Choctaw
Claremore
Collinsville
Duncan
Durant
Edmond
El Reno
Enid
Guthrie
Lawton

Mcalester
Miami
Muskogee
Mustang
Norman
Oklahoma City
Okmulgee
Owasso
Ponca City
Sand Springs
Sapulpa
Shawnee
Stillwater
Tahlequah
Tulsa
Yukon

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 Oklahoma City Real Estate Attorney.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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