Intralimital Rights are the rights of a mining claim owner to all the minerals found inside the boundaries of their claim, extending straight down beneath the surface. In other words, if you imagine the claim’s boundary lines on the ground being pushed vertically down...
A gore sounds rather violent, but in property surveying, it’s nothing to be afraid of. A gore is a narrow, irregularly shaped piece of land, often triangular, that lies between two adjoining properties or parcels. Gores typically result from surveying errors,...
Renewing a Georgia real estate license isn’t extremely complicated, as long as you pay careful attention to the deadlines. Georgia real estate licensees must complete 36 hours of continuing education (CE) every four years to renew an active license. All...
Though it sounds wild, a state supreme court officially ruled in 1989 that a house was haunted. The judge’s exact words were “As a matter of law, the house is haunted.” This is still the final ruling on this case, and it opened up decades of legally...
HER and OER (Housing Expense Ratio and Overall Expense Ratio) are ratios used by mortgage lenders to evaluate whether a borrower can reasonably afford a proposed mortgage loan. The Housing Expense Ratio (HER) compares the borrower’s expected monthly housing expenses...
Mortgage professionals are not professional stylists, but this doesn’t mean they don’t do haircuts. In the mortgage loan business, a haircut is a reduction applied to the stated or market value of an asset when determining how much credit, financing, or collateral...
