Homeowner Education

The latest news, tips, and tricks for homeowners

Property Report

A property report includes a variety of documents that provide a comprehensive profile of a property. Prospective property buyers, sellers, mortgage lenders, real estate professionals,

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Proof of Claim

When a person files for bankruptcy, if a creditor wants to seek payment from the debtor, he or she must file a proof of claim

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Prescriptive Easement

An easement upon another’s real property acquired by continued use without permission of the owner for a legally defined period which varies by state.

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POA

A Property Owner’s Association is a governing body that encompasses HOAs and COAs. POA fees are combined with HOA or COA fees. Serving as a

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Note

A note, also known as a promissory note, is a legal debt instrument where one party makes a promise in writing to pay a certain

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Mortgagor

A mortgagor is the person who borrows money to finance the purchase of real estate using the value of the property as collateral for the

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Mortgage Note

A Mortgage Note states the amount of debt and the rate of interest, and obligates the borrower, who signs the note, personally responsible for repayment.

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Mortgage Lien

A mortgage lien is a form of conditional ownership of your property claimed by your home loan provider. Since your lender has a claim on

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