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Even though being conditionally approved indicates a strong likelihood of your loan going through, it’s not a guarantee until all conditions are met. Conditional approval also often comes into ...
The debate was largely settled in 2015 when in the Texas Department of Housing and Community Affairs(The Department) v. The Inclusive Communities Project, Inc.(I.C.P.), the Supreme Court of the United States affirmed that a facially neutral business practice that has a disparate impact on a protected class could form the basis of a Fair Housing ...
Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...
A certificate of occupancy is evidence that the building complies substantially with the plans and specifications that have been submitted to, and approved by, the local authority. It complements a building permit —a document that must be filed by the applicant with the local authority before construction to indicate that the proposed ...
Approved use: 350 apartments and townhomes in 3- to 5-story buildings Affordable housing : 23 units, priced at 60% of the area median income, or up to $42,480 a year for an individual and $60,660 ...
Fee simple conditional: An estate lasting forever as long as one or more conditions stipulated by the deed's grantor does not occur. If such a condition does occur, the property reverts to the grantor, or a remainder interest is passed on to a third party. Fee tail: An estate which, upon the death of the tenant, is transferred to his or her heirs.
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In 1935, Colonial Village in Arlington County, Virginia, was the first large-scale, rental housing project erected in the United States that was Federal Housing Administration-insured. [10] During World War II, the FHA financed a number of worker's housing projects including the Kensington Gardens Apartment Complex in Buffalo, New York. [11]