Choose In Possession

Definition of "Choose in possession"

Property held by an individual, such as furniture.

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Related Real Estate Glossary terms

Actuary, Enrolled

Individual who has met professional standards of the Internal Revenue Service and the Department of ...

Defeasance

Procedure that moves up the maturity date of the municipal bond to its call date. The call date perm ...

Escrow Agent

The individual responsible for an escrow account. ...

Walkup

Residential or commercial building of two or more floors that can only be accessed through stairs. I ...

Pleadings

Formal allegations by all of the parties to an action including complaints, answers, and replies to ...

Liquor Liability Laws

Legislation that makes an establishment and/or individual selling liquor responsible for injuries ca ...

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What Is Principal?

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

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Paid advertorials are articles written by public relations professionals that have just one goal in ...

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A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 per ...

How Can I Protect My Home Office?

Commercial insurance is designed to help protect many of the risks your business can face, includin ...

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A Ginnie Mae is a name for the Government National Mortgage Association (GNMA), which is a governmen ...

What Is A Multiple Listing Service (MLS)?

A multiple listing service is a computerized listing of the homes for sale in an area listed with a ...

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What is PITI and what does it stand for? What is a buydown? What are paid advertorials? What is the APR for This ARM Loan? What is a Multiple Listing Service (MLS)?