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Did You Know?
Equity skimming is a type of scam
In this type of scam, a "buyer" approaches you, offering to get you out of financial trouble by promising to pay off your mortgage or give you a sum of money when the property is sold. The "buyer" may suggest that you move out quickly and deed the property to him or her. The "buyer" then collects rent for a time, does not make any mortgage payments, and allows the lender to foreclose.
Newsroom
News about real estate cases in Cincinnati and nationwide:
Definition:
An examination of the structure and mechanical systems to determine a home's safety; makes the potential homebuyer aware of any repairs that may be needed.
Deed-in-lieu
Definition:
To avoid foreclosure ("in lieu" of foreclosure), a deed is given to the lender to fulfill the obligation to repay the debt; this process doesn't allow the borrower to remain in the house but helps avoid the costs, time, and effort associated with foreclosure.
If you live in the following cities and need an real estate attorney you should contact
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Alliance
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Brunswick
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Chillicothe
Cincinnati
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Delaware
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Elyria
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Newark
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Stow
Toledo
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Xenia
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Zanesville
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