Bona Fide Purchaser


Definition of "Bona fide purchaser"

Sheila Page Doney
  Re/Max Acent

Buyer who is acting in good faith, is not aware of any outstanding claims or rights of others to the property, and has given valuable consideration as part of the business transaction.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Improved Land

Any permanent development that has been made to a parcel of land. Improved land features include whe ...

Due Care/due Diligence

Assurance by the agent that the recommended insurance plan for the client is suitable for that clien ...

Limits Under Multiple Policy Years (lump)

Single limit insurance program remaining in force for several years as compared with traditional ins ...

Actual Age

Chronological (real) age of property. ...

Anticipatory Breach

Terminating a contract prior to the time when actual performance is to occur. ...

Umpire

Arbitrator who settles disputes over the amount of loss when an insurer and an insured do not agree. ...

Related Real Estate FAQ

What Is A Gift Letter?

A gift letter is when an individual gives you money for a down payment as a gift, that person must w ...

What Is An Amortization?

The process of paying off a loan balance. As you make payments, a certain amount is applied to the p ...

How Much Money Can I Borrow To Buy A Home?

To begin, you\'ll need to figure out what your gross income is (before taxes) monthly and yearly. T ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your ...

What Is Cooperative?

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the ...

What Is Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What is Hazard Insurance? What do Real Estate Attorneys do? Foreclosure - The Pros and Cons of Buying Tax Breaks for the First Time Home Buyer How to become a real estate agent

FAQ

What is a mortgage banker? I need Hospital Insurance in addition to my current health insurance policy? What are discount points? What is a sales contract? What is depreciation?