(1) Agreement to sell real estate with a pre-arranged reverse but at an established price. This may not be legal in some instances, and any resulting losses may not be tax deductible. (2) Arrangement to rescind specified policy limitations on the insured if further coverage is bought from the insurer.
Popular Real Estate Terms
Buyer agrees to accept the responsibility for the existing mortgage. The seller is not relieved of the obligation unless the lender agrees to release it. Many lenders charge points and ...
Method of eliminating the spaces between the solid fragments in fresh cement or mortar during the mixing process. This is done by a combination of constantly mixing, turning, centrifuging, ...
(1) Giving up an ownership claim to property. (2) Renunciation of a claim to real property. ...
An official indicating intensity of land use in a zoned urban area. ...
Cancellation of a contract such as when a real estate agreement is deemed illegal. ...
Window normally mounted on hinges in a window casing. It swings outward to open. ...
Barrel, reservoir, or tank for storing rain runoff. ...
Long, one-story house with the roof sloping toward the ground, often having skylights and contemporary windows. ...
Will not meeting all the requirements of a valid will. ...
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