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finance

MERS (What’s in your mortgage?)

by Mike on March 18, 2010

The MERS Conveyance The heart of your mortgage – the most important clause in the entire document – is the “Transfer of Rights in the Property” clause. This is the language that creates the lender’s security interest backing the loan – it’s the sentence that allows them to foreclose if the borrower doesn’t pay. But […]

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When you sell a piece of property you generally presume that you are no longer responsible for what might happen to the property after it’s transferred to the new owners, but that’s not what happened to a recent caller to the firm looking for help. This individual called to ask how she could be responsible […]

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Your mortgage is a thick, dense, practically unreadable document that dictates many of the terms of the relationship between the borrower and the lender on a typical home loan. The document itself is written by the bank’s lawyers, and most of them tend to use specific language that has been tried-and-true in other deals. In […]

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How to beat foreclosure Today’s St. Petersburg Times features a front-page story with the bold-face heading “How to Beat Foreclosure” and tells the stories of people who have stayed in their homes for years by gaming the system. Only one problem: filing bankruptcy time and time again is an abuse of the system, and can […]

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Locked out Imagine this: you’re on a two-week vacation. You come back, and find a notice on your door: Entry by unauthorized persons prohibited. Alarmed, you try your key in the lock – it doesn’t fit. You peek through the windows and see that everything you left behind is gone – your furniture, your clothes, […]

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Car rental companies hate me. Whenever I rent a car, before I sign that two-sided, extra-long, faint-colored fine-print contract of theirs, I sit and read it, so I know what I’ve agreed to. Now, I’ve been a lawyer for fifteen years. I can say I understand those contracts almost all the time. But the average […]

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