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Popular Real Estate Glossary Terms
Irrevocable living trust (rights to make any changes are forfeited by the grantor permanently) in which the grantor forfeits control of all assets placed in the trust. However, the grantor ...
A mortgage collaterized by a tenant's interest, usually structural improvements, in a leased parcel of property. A leasehold mortgage is subordinate to the landlord's land lease since it is ...
The term adverse possession is a legal principle that allows a person who resides on another person’s land or possesses another person’s land to get a title for that land. There ...
Pipe fitting shaped like the letter U permitting an intersecting pipe to be directed around another pipe. Plumbing connection between two water pipes in the same system. Passageway ...
yard lumber about 2 inches by 8 inches. ...