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Reappraising a decision or strategy that has been made. An example is revising the value of real estate based on new information. The valuation may be needed in contract negotiations or ...

Individuals who are legally entitled to inherit money and property when someone dies. ...

The altering of a rented or leased premises by a landlord rendering it unsuitable for habitation in order to effectuate the tenant's vacating. Constructive eviction occurs when the tenant ...

A provision that allows a mortgage recorded at a later date to take preference over an existing mortgage. ...

Voluntary giving up of a right of a lien, usually on a temporary basis. The waiver may be explicitly stated or implied. An example is when a lender waives its right of lien against ...

Falsify financial records and statements to misrepresent the financial position and operating results of the business. ...

Periodic fee paid for insurance protection. Amount paid for real estate above the expected prevailing price. ...

Two or more people have a legal duty that can be enforced against them by joint action, against all members, and against themselves as individuals. For example, a bank can require repayment ...

A gated community is a community of homes where you must pass through a security gate in order to enter the community. ...

You’ve been invited to a housewarming party (or just invited to meet a friend’s new house) and you don’t know what to bring… well, that's why our real estate ...

Yes, you can use two realtors® to sell your house. Actually, more than two. You can use how many you’d like. It’s what is called an Open Listing. In it, the home seller ...

The first answer that comes to mind when someone asks how does where you live affect how you live is: do you have a lot of spare time? Because this one takes a while to answer… Like ...

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest rate can increase or decrease over the life of a loan. ...

When you are prequalified, the lender gives you an estimate but does not formally commit to giving you a loan. ...

An escrow officer - also known as a loan officer - is the person that walks you through the closing process. They are usually employed by the title company that you are working with. They ...

Are you confused because you can never tell what is the difference between an apartment and a flat? Don’t feel bad about it. Everyone has this doubt. And, to be honest, ...