Closing Escrow
All of the conditions of the purchase and sale agreement have been fulfilled. The escrow agent prepares a written summary of the funds received in escrow, and the moneys paid out. The agent records the new deed with the County Recorder, and delivers a new deed to the buyer. Any remaining funds from the purchase price are then remitted to the seller. When the escrow has been accounted for, title is given to the buyer.
Popular Real Estate Terms
Visible area that can be readily seen by outside traffic. This is particularly important for a commercial business. ...
Depressed, poorly kept locality that may include vacant businesses. It may be a high crime area. The people living in the area are typically poor and there may also be homeless people. ...
Legal property rights that don not include possession. Examples of incorporeal property rights are air and mineral rights, riparian rights, easement and access rights. ...
Limitation or prohibition such as on what a tenant in an apartment may not do. Local laws may also restrict certain actions such as failing to use the property for gambling purposes. ...
Legal boundary of property. ...
Same as term appraisal: Valuation assessment of real property by an expert third party for the following purposes: developing a realistic market price. setting a market value at the time ...
(1) Judges remark in a court ruling not in and of itself embodying the law. A dictum merely illustrates or amplifies the ruling. (2) Arbitrator's ruling. ...
When the return on borrowed funds exceed the after-tax interest cost. It is profitably using other people's money. ...
Any lease with a specific starting time and a specific ending time. ...
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