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Popular Real Estate Questions

Popular Real Estate Glossary Terms

Revocation comes from the verb "to revoke", which means to take back the validity of something. The definition of revocation is detrimental to contract law. It gives the person making the ...

A payment made by the borrower over and above the scheduled mortgage payment. If the additional payment pays off the entire balance it is a prepayment in full; otherwise, it is a partial ...

Plan under which an employee authorizes his or her employer to deduct from each paycheck premiums due on an insurance plan. ...

Physical, moral, or financial circumstance of a life insurance applicant that sets him or her apart from a physically, morally, and financially sound standard applicant. The underwriting ...

Property to be insured, or that is insured, which is located within the specific geographical region falling under the auspices of the fire department. ...