Individual who will receive an inheritance upon the death of another. The proceeds of an insurance policy may be in a lump sum annuity. Real estate also passes to the beneficiary. ...
Innovative architectural designs for either single or multi level homes and other buildings incorporating innovative features, such as passive solar heating. Contemporary building plans ...
The loss of an access right to a parcel of property through another property owner's property. This could materially affect the value of the property denied access. ...
Lien which is over and above a first lien. A second lien is subordinate to the first
lien and can be satisfied only after the initial lien is satisfied. ...
Same as term furring strip: Insulating material attached to crevices around doors and windows to prevent air from either entering or escaping from a structure. Tacked, stapled, or glued ...
A fully amortized mortgage necessitating periodic payments of both interest and principal. In the early years of the loan, the share of principal is smaller and the interest larger, a ...
The portion of a structure providing the primary ground support. Foundations have a foundation wall forming a permanent below grade retaining wall. All modern foundations rely on concrete ...
A home purchase is never an easy decision to make, especially since a lot of money is being invested. During the home buying process, the location plays a crucial part that influences the ...
Seeing as the city of Pooler, Georgia is located in Chatham County, approximately 20 minutes away from Savannah, Georgia, it’s in close proximity to the beach. With around 24,000 ...
The small community of Hampstead, NC, can be found in Pender County, around 30 minutes away from Wilmington, North Carolina. As can be expected from small communities, Hampstead manages to ...
As many retirees are choosing to relocate to the Sunshine State to spend their golden years because of Florida’s sunny weather, the city of Gulf Breeze, FL is another great place ...
The city of Annapolis, MD is located on the Atlantic Coastal Plain and it is the closest state capital to the national capital of Washington D.C. The city has a population of about 40,000 ...
Wondering what is the cash offer definition?
Well, the cash offer definition is pretty much what it says, an offer made in cash.
But aren’t all offers cash? No one buys a house ...
The definition of a commitment letter or letter of commitment in real estate is a letter whose purpose is to inform a loan applicant that their application has been processed and their ...
This question might have crossed your mind while planning for retirement, or... after inheriting your aunt’s under-the-mattress savings. You spread your wings ready to fly to the ...
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