Carpet Strip

Definition of "Carpet strip"

Suzie Bernstein Chase International Realty

Small piece of carpet often placed under a door or at an entrance to a doorway.

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Special Warranty Deed

Property deed in which the grantor limits the title warranty to the grantee. A grantor does not warrant a title defect to the property occurring from ...

Implied Warranty

Under law, a warranty in effect even if not expressly stated. It provides that real property sold is warranted to be appropriate for sale and is in pr ...

Mortgage REIT

A type of real estate investment trust (REIT) that does not own property but gives short-term financing for construction loans or for permanent mortga ...

Public Lands

Government owned lands, for conservation purposes or for specific uses such as dams and hydropower. Public lands are owned by federal, state, and loca ...

Right Of Dower

A life estate right of a widow on the demise of her husband, if he dies intestate, to all his lands and possessions for her and her children's suppor ...

Anti

Prefix meaning: (1) opposed or against something, as in antitrust or anti-Semitism. (2) opposite, as in anticyclical or anticlimax. (3) imputing st ...

Popular Real Estate FAQ

What Is PITI And What Does It Stand For?

PITI is the total monthly payment you make on a house-Principal, Interest, Taxes, and Insurance. ...

What Is A Sales Contract?

A sales contract is the contract you draw up when you want to make an offer on a home. ...

What Does The Real Estate Settlement Procedures Act (RESPA) Require?

The Real Estate Settlement Procedure Act requires the lender to disclose certain information about a loan, including the estimated closing costs and A ...

I Looked At A Property Yesterday With A REALTOR® Who Seems To Be Clueless. I Am Really Interested In Purchasing The Property, Though. Can I Switch Agents And Still Make The Purchase?

If you truly want to purchase that property, the only ethical thing to do is to purchase it through that REALTOR. Otherwise, you could set up potenti ...