Home Mortgage Law Primer

The recent housing crisis has had a significant impact on every aspect of Americans' lives. Homes are sitting on the market for much longer than in previous years and forclosures are exponentially increasing. This new edition of Home Mortgage Law Primer provides a historical reference to the concept of mortgaging property, as well as the sources of real estate financing, and the types of mortgage devices. Additional information includes mortgage interest considerations and information on fixed and adjustable rate mortgages. Also provided, is a basic guide, outlining the mortgage process from start-to-finish, including getting a loan all the way till the final closing of the real estate transaction. Recent events are outlined to illustrate Illegal real estate finance practices and the housing market issues many are facing today. In addition to foreclosure proceedings, and the legal options available to a homeowner facing foreclosure, appendices are included providing resources for those who find themselves in a foreclosure situation. This book is a helpful resource for anyone looking for an up-to-date and reliable guide on navigating the home mortgage process in today's market.

This almanac discusses the various types of mortgages available today. Readers are provided with a historical outline of the development of mortgages, titles, liens and deeds of trust. Home Mortgage Law Primer addresses mortgage applications, taxes, foreclosure, insurance, prepayment penalties, regulations affecting mortgages, and more.

The Legal Almanac series serves to educate the general public on a variety of legal issues pertinent to everyday life and to keep readers informed of their rights and remedies under the law. Each volume in the series presents an explanation of a specific legal issue in simple, clearly written text, making the Almanac a concise and perfect desktop reference tool. All volumes provide state-by-state coverage. Selected state statutes are included, as are important case law and legislation, charts and tables for comparison.

MARGARET C. JASPER is an attorney engaged in the general practice of law in South Salem, New York, concentrating in the areas of personal injury and entertainment law. Ms. Jasper holds a Juris Doctor degree from Pace University School of Law, White Plains, New York, is a member of the New York and Connecticut bars, and is certified to practice before the United States District Courts for the Southern and Eastern Districts of New York, the United States Court of Appeals for the Second Circuit, and the United States Supreme Court. Ms. Jasper has been appointed to the law guardian panel for the Family Court of the State of New York, is a member of a number of professional organizations and associations, and is a New York State licensed real estate broker operating as Jasper Real Estate, in South Salem, New York. Margaret Jasper maintains a website at http://www.JasperLawOffice.com. In 2004, Ms. Jasper successfully argued a case before the New York Court of Appeals, which gives mothers of babies who are stillborn due to medical negligence the right to bring a legal action and recover emotional distress damages. This successful appeal overturned a 26-yearold New York case precedent, which previously prevented mothers of stillborn babies to sue their negligent medical providers.