Condition Subsequent

Same as term junior mortgage: Mortgage placed on a property after a previous mortgage. It can be a second, third, etc. mortgage. A junior mortgage is subordinate to the terms of a previous ...

Fees that all tenants or owners must pay for the cost of maintaining common areas. ...

A person who dies without a will and having unknown intentions regarding his estate. In such case, a court administrator is typically appointed to act as an executor in distributing any ...

An estate which descends to heirs in perpetuum. In an estate of inheritance, the current tenant not only has the right to enjoy the property for life, buy his or her tenancy rights pass to ...

Availability of houses in an area. ...

In conducting a real estate transaction, each party is presumed honest and fair with no deceit. The intentions are honorable and realistic. If deception occurs without prior knowledge, the ...

Structure or part thereof, such as a building, that obstructs or overlaps another property. Infringement on the property or rights of another individual or business. ...

Geographic location where a vacant or occupied structure exists. It usually means the land reserved is for a future building. ...

Naples, Florida is a city that holds a population of about 22,000 people and it is one of the wealthiest coastline cities in the country. The beautiful sugar-white sand that covers the ...

A seller takeback is a type of financing in which the seller arranges for the financing on a property. ...

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 ...

In this modern world, just about everyone has a job. Without a job, you can’t buy a home. Without a job, you won’t be able to put gas in your car or even buy a car. This being ...

Yes, you can use two realtors® to sell your house. Actually, more than two. You can use how many you’d like. It’s what is called an Open Listing. In it, the home seller ...

For those of you who started searching for a new place to live in Pasadena, MD it’s important that you check a few things before you close a sale. Most people look at housing costs ...

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-term debt) to your monthly gross income. Lenders use this ratio-sometimes called the ...

Many millennials, as well as families, choose to take up residence in this large city from North Carolina that somehow manages to still feel like a small town. A major reason for this is ...