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A new home construction trend is repurposing shipping containers to create standalone tiny homes, multilevel single-family homes, and even multi-family dwellings. Millions of shipping containers are sitting unused worldwide, which provide ample supply for thousands of container homes.
Recreational marijuana is now legal in Illinois. This can impact Illinois divorce cases if one spouse is a cannabis user, specifically in asset distribution and child custody. Because it is legal in Illinois, recreational cannabis use will have little effect on most divorce cases.
For the past 40 years, home prices have sharply risen and homeownership has become increasingly out of reach for many American families. However, a collaborative approach involving builders and lenders can begin to bridge this gap.
Buying a house at auction presents many opportunities and risks. For example, auctions usually don’t allow buyers to inspect a property before placing a bid.
Purchasing a home takes time and planning. Preparing for homeownership means reducing debt, narrowing expectations, and collecting savings.
According to the Mortgage Bankers Association (MBA), experts predict that mortgage rates will rise in 2021 despite the Federal Reserve’s efforts to keep rates low. The MBA also asserts that the 2020 mortgage market will exceed $3 trillion – an amount not seen since the boom in 2003.
The closing process occurs after the Seller accepts an offer but before the property is transferred to new ownership. In general, the closing process entails three things (1) final approval for the loan, (2) home inspection, and (3) getting homeowners and title insurance.
Inverse condemnation refers to a legal process in which the government seizes private property and fails to provide just compensation for the taken property. When the government takes property, it is called “condemning” it through eminent domain.
The COVID-19 pandemic has caused many parents to reconsider their child custody arrangements, particularly in cases where a custodial parent's job may put a child at risk.