The Fair Housing Act is a federal statute that makes it unlawful for a party to refuse to rent or sell a dwelling to any person because of his or her race, color, national origin, sex or religion. However, the law does not apply to the following: a person who owns a building of four or fewer units and occupies one of the units, also, a person who leases a single-family dwelling and does not own more than three single-family dwellings.
To qualify for either exemption, the lessor cannot use a real estate broker or advertise in a discriminating manner. This act does however prohibit discrimination by real estate brokers, mortgage lenders, and advertisers concerning the sale or rental of real property.
A person borrowing money to buy a home assumes the loan is secured by the mortgage lien on the house. In the event the h... Read More
If you fall behind on your mortgage payments, your house might end up in foreclosure. However, there can be good defense... Read More
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