Assumption Clause
Provision in a mortgage permitting the owner of property to transfer the mortgage to a buyer.
Popular Real Estate Terms
Are you ready to unlock the secret to reaching your ideal audience? The key is market delineation! But what what does delineate mean? Join us on this real estate journey and uncover the ...
Act of obtaining land through condemnation. For example, when in interstate highway must be constructed, the land for the new road is obtained through takings. Usually, the government ...
Judicial action to establish property ownership. In a quiet action, adverse claimants are required to state their claims or be forever stopped from any future title claim. The basic ...
An agreement, debt, or low which can be operationalized, fulfilled, completed, or performed. ...
Passageway existing from property. An agree may lead to a roadway or some other form of exit. ...
Return earned on an investment over a given time period. It includes two basic components- the current yields, such as rental income and capital gains, or losses in property values. It is ...
Right of any government agency to enact and enforce certain regulations to provide for the health and safety and general welfare of the public. ...
Rule within the Internal Revenue Code applicable to capital gains from selling real estate that has been depreciated for tax purposes. Most buildings must be depreciated using the ...
(1) Voiding an order to buy or sell real estate. (2) Prematurely terminating an insurance policy. (3) Voiding a negotiable instrument by nullifying or paying it. ...
Have a question or comment?
We're here to help.