Assurance
Giving of a promise or guarantee to the receiver to instill confidence.
Popular Real Estate Terms
Depressed, poorly kept locality that may include vacant businesses. It may be a high crime area. The people living in the area are typically poor and there may also be homeless people. ...
An antenuptial agreement is, as the terms composition states, an agreement that happens before the nuptials, or, in other words, the wedding. The antenuptial agreement is more commonly ...
Legal proceeding whereby a person's property is attached and used to pay an obligation. The employer may withhold part of the employee's salary to the court until the debt has been paid. ...
When a real estate owner wants to know what their property tax liability is, they calculate the assessment ratio for their property. An assessment ration is a relationship between a real ...
Blockbusting is a despicable and illegal racist business practice. Here’s how Blockbusting happens: a real estate agent, or someone posing as one, comes to a homeowner and instills ...
Time period for which one expects to keep property such as a real estate investment. ...
Warranties issued by contractors, sellers, and real estate agencies that protect home buyers from specified defects in a house as per the contract. ...
Lienholder's statement as to the unpaid balance on a trust deed note. ...
See estoppel. ...
Comments for Assurance
Someone's spouse died with no will. There is property and the family of the deceased spouse is trying to claim the property, what can the surviving spouse do to keep the property? Her name is not on the deed.
Jun 14, 2019 22:32:31Hello, Corey! It is not that easy to gain a property once one dies intestate. According to the laws of intestate succession, the spouse and the children come first. However, to find a more detailed answer and for further instructions, the surviving spouse should contact a real estate lawyer. Unfortunately, situations like this one make it hard to keep solid relationships with the extended family.
Jun 17, 2019 06:52:42Have a question or comment?
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