| Breach of Contract |
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| A breach of contract occurs in the event one of the parties to a contract fails to fulfill his or her part of the deal. More... |
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| "As is" Clauses in Residential Real Estate Contracts |
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| Generally, a seller has a duty to disclose known material defects and to provide a good faith answer to questions about other defects. When preparing the residential real estate contract, the broker may insert a clause, stating that the buyer agrees to purchase the property "as is." More... |
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| Manufactured Homes |
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| In years past, manufactured homes were referred to as "mobile homes," and, in fact, many people continue to refer to manufactured homes as such today. In the year 1980, the United States Congress adopted the phrase "manufactured homes" to describe a type of factory-built home that was required to conform to certain standards developed by the United States Department of Housing and Urban Development (HUD). More... |
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| Mortgage Loans with Balloon Payments |
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| A mortgage loan with a balloon payment provision is very different from a traditional mortgage loan. Usually, mortgage loans with balloon payment provisions are second mortgages as opposed to first mortgages (also known as purchase-money mortgages). More... |
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| The Attractive Nuisance Doctrine |
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| Generally speaking, an owner of real property owes no duty to a trespasser, other than to avoid willfully, wantonly, or deliberately harming the trespasser. In some circumstances, however, the owner of real property has an obligation to exercise reasonable care in order to prevent trespassing children from injury. More... |
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