Sovereign Submerged Lands are lands that lie beneath navigable waters and are owned by a government rather than by private individuals. These lands typically include the bottoms of oceans, bays, rivers, lakes, and other navigable waterways extending to the ordinary...
Do agents have to disclose nearby construction projects to buyers? The clear, black-and-white answer is… kind of! As you’d expect, some states require more disclosure than others. For example, in North Carolina, the Real Estate Commission requires...
A silent second loan is a second mortgage or subordinate loan that is not disclosed to a lender when disclosure is required. In its illegal form, a silent second loan occurs when a homebuyer obtains additional financing for a down payment or closing costs and...
An egress window is a window designed to provide a safe emergency exit from a room and a means of entry for emergency responders. Building codes commonly require egress windows in bedrooms and habitable basement spaces to ensure occupants can escape in the event of a...
Mello-Roos is a special tax assessment levied on property owners within designated community facilities districts (CFDs) in California. Established under the Mello-Roos Community Facilities Act of 1982, the tax was created to help local governments finance public...
