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Popular Real Estate Questions

Popular Real Estate Glossary Terms

An obligation of the owner of property that is recorded with his permission such as a mortgage. Encumbrance on property without being objected to by the owner. ...

Power of attorney giving permission for a lawyer to represent a client. ...

Type of warranty that entitles a homeowner to full remedies for defective work done by a contractor. ...

Government policy of pumping money into the economy by spending or taking money out of the economy by taxing. ...

Income (loss) resulting from the rental of real property in which the individual does not significantly participate. In most cases, passive losses may not be used to reduce active income. ...