Real Estate Financing Law

Real Estate Financing Law pertains to the legal rules governing the funding of residential properties. This includes mortgages and loans secured by the property, outlining how buyers can borrow money to purchase a home. It encompasses contracts, obligations of lenders and borrowers, interest rates, and foreclosure processes if payments are missed. The law ensures both parties understand their rights and responsibilities throughout the transaction. Essentially, it helps facilitate the buying process, protecting consumers while also laying down guidelines for financial institutions involved in real estate transactions.