Class Action | Real Estate Glossary

Definition of "Class action"

Lawsuit brought by one or more persons of a large group for the benefit of all members of the group.

Another name by which a person is known. ...

Land parcel bounded by two intersecting roadways. ...

Sum that an insurance company charges a business firm to restore a property or liability insurance p ...

Insurance company's investments in assets other than in companies it controls and/or companies with ...

Horizontal wood siding commonly used on the exterior of buildings which overlap each other. ...

The selling of a parcel of land whereby the original owner agrees to immediately leaseback the prope ...

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

A principle of insurance which provides that when a loss occurs, the insured should be restored to t ...

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

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

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