Collusion


Definition of "Collusion"

Secret understanding between two or more individuals to perpetrate a fraud or undertake other illegal actions.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Collusion

Agreement between two or more individuals to commit fraud. For example, an insured hires someone to burn down this house in order to collect the insur ...

Prerelease

Securing lease commitments to a building prior to its being available for occupancy. For example, a developer offers a discounted lease to potential t ...

Compaction

Method of eliminating the spaces between the solid fragments in fresh cement or mortar during the mixing process. This is done by a combination of con ...

Chapter 13

A judicially approved plan in which a persons obligations are paid over three years. It is an arrangement for the repayment of debts which permits a c ...

Real Property

Rights, interest, and benefits inherent in the ownership of real estate, as distinguished from personal property ...

Confiscation

(1) Government seizes private property, but does not provide fair and reasonable compensation for it. (2) Property is seized and the owners rights ab ...

Popular Real Estate FAQ

What Does A Back-end Ratio Mean?

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

What Are Prepayment Penalties?

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off of the loan in the event that you inherit a small f ...

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usually does the inspection. ...

What Does FSBO Mean?

FSBO means for sale by owner. ...

What Is A Counteroffer?

A counteroffer is an offer made by one party that makes changes to the original or latest offer of the other party. ...

What Is A Gift Letter?

A gift letter is when an individual gives you money for a down payment as a gift, that person must write you a gift letter so that it can be included ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Down Payment: Everything You Wanted to Know Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate?

FAQ

What do I need to know about Indemnity Insurance? What is a CD? What is a title search? What does Travel Insurance Typically Cover? What type of a home is a condominium?