(1) An arrangement to buy real estate at a specified price and conditions. The failure to honor the commitment may result in damages. (2) Bank commitment to lend money in connection with the purchase of real estate.
Individual who will receive an inheritance upon the death of another. The proceeds of an insurance policy may be in a lump sum annuity. Real estate also passes to the beneficiary. ...
Innovative architectural designs for either single or multi level homes and other buildings incorporating innovative features, such as passive solar heating. Contemporary building plans ...
The loss of an access right to a parcel of property through another property owner's property. This could materially affect the value of the property denied access. ...
Lien which is over and above a first lien. A second lien is subordinate to the first
lien and can be satisfied only after the initial lien is satisfied. ...
Same as term furring strip: Insulating material attached to crevices around doors and windows to prevent air from either entering or escaping from a structure. Tacked, stapled, or glued ...
A fully amortized mortgage necessitating periodic payments of both interest and principal. In the early years of the loan, the share of principal is smaller and the interest larger, a ...
The portion of a structure providing the primary ground support. Foundations have a foundation wall forming a permanent below grade retaining wall. All modern foundations rely on concrete ...
If you love the beautiful rolling mountains or the long coastal beaches, and you have always desired to live in such a place, then you should probably consider relocating to North Carolina. ...
Figuring out if an area is suitable for investments is necessary for both real estate investors and homebuyers. Whenever you start looking for a city to relocate to, besides ensuring that ...
Are you thinking of moving to Gatlinburg? We don’t blame you! The city of Gatlinburg is a beautiful place, one which has gained a great deal of notoriety as a vacation destination. ...
When you strip away all of the different competing outlooks and worldviews held by the various demographics across the country, one thing remains consistent: America runs on money. This ...
Gulf Shores is a beautiful coastline city located in the southmost part of Alabama. With white sandy beaches and green-blue waters, the breathtaking views of Gulf Shores make it one of the ...
Glen Burnie MD is a suburb of Baltimore MD situated just 13 miles away, with a lovely community and plenty of things to do. This CDP situated in Anne Arundel County might not seem like much ...
It’s time you started thinking about your retirement years! Don’t let old age take you financially unprepared! It can be nerve-wracking to wake up one day without a nest egg to ...
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