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Popular Real Estate Questions

Popular Real Estate Glossary Terms

Acceptance of the borrower's loan application. Approval means that the borrower meets the lender's Qualification Requirements and also its Underwriting Requirements. In some cases, ...

Revised specifications requiring a modification in work. ...

Oral or written statement that results in injuring the good name or reputation of another, causing that individual to be held in disrepute. ...

Direct line of descent as from father to son. An example of a lineal hereditament would be passing of the title of real property by virtue of a will to the first-born son. ...

Percentage of confidence in a finding. For example, if an insurance company's total loss reserves should be $10,000,000 in order to attain an 80% confidence level that enough money will be ...