Appurtenance

The act or process of decreasing in size. The total amount of decrease. ...

(1) Surrendering voluntarily or involuntarily ownership of property or an interest therein. (2) Court order to give up possession or the right to property such as in the case of an ...

Legal term of the writ authorizing the taking of property or rights because of legal action. Its purpose is to protect the property to satisfy a judgment in favor of the plaintiff. ...

Nineteenth-century style home architecture featuring three dimensional ornamentation, made by hand using a chisel and gouge. ...

Mortgage placed on a property after a previous mortgage. It can be a second, third, etc. mortgage. A junior mortgage is subordinate to the terms of a previous mortgage. Junior mortgages ...

Recognizes profit on a long-term construction contract as it is earned gradually during the construction period. This approach is preferred over the completed contract method because it ...

Assures that the title is free of any legal claims including encumbrances. It includes covenants of seizin, freedom from encumbrance, express warranties of title, right to quiet enjoyment, ...

Open Listing is a type of Listing where home sellers allow a real estate agent to sell their house, while not providing any kind of exclusiveness: other agents can also attempt to ...

A seller takeback is a type of financing in which the seller arranges for the financing on a property. ...

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obligations. ...

A survey is an examination of a property\'s boundaries to determine the quantity of land, location of improvements, and other information. Usually the surveyor includes a map or drawing of ...

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off of the loan in the event that you inherit a small fortune. Most loans these days do not ...

An investment property is a property you purchase with the intension of using it as a rental income or for investment purposes rather than to live in. ...

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations for the upkeep of the property. ...

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to the existing equity in the home. ...