DJ Peterson

When exploring home financing options, you may encounter the term “non-conforming loans.” Unlike conforming loans, these loans do not meet the criteria set by government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac. Understanding non-conforming loans is essential for borrowers who may not qualify for traditional mortgage options. In this blog post, we’ll explore non-conforming […]

When navigating the complex landscape of home financing, one term that often comes up is “conforming loan.” Understanding what conforming loans are and how they work is crucial for anyone considering purchasing a home. In this blog post, we’ll delve into the definition of conforming loans, their benefits, and how they compare to other types

With its scenic beauty, vibrant communities, and economic growth, West Michigan has become an increasingly popular place to live. However, this popularity comes with a significant challenge: housing affordability. As more people flock to this region, the demand for housing has surged, leading to rising home prices and rent. This blog post explores the current

Navigating the real estate market can be an exciting yet complex journey. One term often surfaces in discussions about fair housing practices is “steering.” Understanding what steering is, how it affects the real estate process, and the legal implications can help homebuyers make informed decisions and advocate for fair treatment. What is Steering? Steering in real

Eminent domain is a powerful tool that allows governments to take private property for public use, provided that the property owner receives just compensation. This concept, enshrined in the Fifth Amendment of the U.S. Constitution, has significant implications for property owners. Understanding how eminent domain works, its purposes, and its impact on individuals is crucial

Probate sales are a unique real estate market aspect that often attracts investors and homebuyers looking for potential deals. These sales occur when a property is sold during probate, typically following the homeowner’s death. At the same time, probate sales can offer attractive opportunities but have specific challenges and procedures. Here’s what you need to

When navigating the world of real estate, the term “encumbrance” frequently arises, often causing concern among property owners and prospective buyers. An encumbrance can affect a property’s value, use, and transferability, making it a crucial concept to understand. This blog post will delve into encumbrances’ definitions, types, and implications, helping you make informed decisions in

When dealing with real estate, terms like “ingress” and “egress” frequently arise, especially concerning property access and easements. These concepts are fundamental to property rights and usage, and understanding them can be crucial for homeowners, developers, and potential buyers. This blog post will explore the definitions, importance, and legal implications of ingress and egress. What

In property law, the concept of servient tenement is not just a legal term, but a crucial aspect that directly influences property use, rights, and responsibilities, especially when dealing with easements. Whether you’re a property owner or a real estate professional, understanding servient tenement is not just beneficial, but essential. This blog post delves into

Imagine you own a piece of land, and your neighbor has a right to use a part of it. This is where the concept of dominant tenement comes into play in real estate and property law, especially when dealing with easements. An easement is a legal right that allows the holder to use another person’s land for