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Popular Real Estate Questions

Popular Real Estate Glossary Terms

Foreclosure sale enable in those states permitting the use of a power of sale clause to be inserted into a mortgage or deed of trust empowering the mortgagee to advertise and sell a ...

Judicial finding that the debtor owes an amount exceeding the value of the collateral put up for the defaulted loan. ...

Legal obligation to pay for a benefit received as if a contract has actually occurred. This may arise in a few cases so that an equitable situation occurs. An example is when a homeowner ...

Life insurance distribution system under which the state underwrites and sells life insurance to any resident of Wisconsin who makes application. ...

Property that is similar in characteristic and when exchanged is a nontaxable transaction. Any property that is not like-king, such as cash (boot), is taxed. As a result, a gain is not ...