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Popular Real Estate Questions

Popular Real Estate Glossary Terms

(1) An arrangement to buy real estate at a specified price and conditions. The failure to honor the commitment may result in damages. (2) Bank commitment to lend money in connection with ...

The United States has a law named “eminent domain” that grants local, state, or federal government the right to take ownership of a private property with or without the consent ...

Agreement between the seller and buyer involving the terms of sale. ...

Insurance company that specializes in underwriting casualty insurance. ...

The maximum allowable decrease in the interest rate on an ARM each time rate is adjusted. It is usually one or two percentage points. ...