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Popular Real Estate Questions

Popular Real Estate Glossary Terms

When two or more individuals simultaneously have rights in a property unit (e.g., apartment),. The individuals sharing the property have legal privileges and responsibilities to each other. ...

A federal agency that guarantees mortgage securities that are issued against pools of FHA and VA mortgages. ...

Coverage for liability exposure resulting from the activities of a business; includes: direct liability acts of the business resulting in damage or destruction of another party's property ...

Contracts: Awarding a contract to the bidder for the property with the best offer. Lease: To lease property to a lessee. ...

Property title having no encumbrances. In the usual sense this means a title not having a mortgage. Other encumbrances could include judgments or additional financial liens. ...