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Popular Real Estate Glossary Terms
Amount still unpaid at a particular date on a loan or other financing agreement. ...
The value of property subject to tax. The tax equals the tax rate multiplied by the property's value. ...
Form that provides insurance coverage for the insured in the event the damage or destruction of non-owned property reduces or terminates the insured's earnings. For example, if the insured ...
Generally, a statute of frauds means a legal provision outlining that essential contracts, vulnerable to misrepresentation, must be fixed in a written form to be enforceable. Although ...
In short, an overage means a surplus or an excess of money. An overage can present itself at a property at an auction where the asset has gone over the asking price. Suppose there’s a ...