An individual appointed by a court to manage the affairs and property of a legally incompetent party. The conservator has full decision-making authority over the affairs of the property in accordance with court-established guidelines.
Debt secured by a lien on property.
Commitments related to unfilled contracts for real estate. The purpose of encumbrances is to prevent further expenditure of funds considering the ...
A mortgage loan where the bank provides the mortgagor the required funds to purchase property the bank has obtained through foreclosure on outstanding mortgages. For example, John obtains a ...
Property used consistently for many years by someone without challenge from the owner.
Easement resulting from law such as the reasonable expectation that a purchaser of one or two ...
What’s the definition of real estate collateral?
Could we say it’s like keeping a hostage? No, that would be relatively insensitive. But the idea is similar. In real estate, ...
A clearly stated notice that an owner or operator will not assume responsibility for an inherent risk. For example, at a parking garage, a large notice of nonresponsability clearly states ...
For families with children, there are a lot of important things to look for when seeking a city to call home. If you’re thinking of moving to the city of Houston, you’ll no ...
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 in your loan documentation. ...
You probably know Clermont for its proximity to Orlando, its gorgeous parks and scintillating nightlife, and its large community of migratory retirees known as snowbirds. However, none of ...
When you’re planning a move to a new city, research is a crucial part of the process. Looking up Plano's crime rates, finding the safest neighborhoods and figuring which of ...
If you are thinking of selling your house, any real estate investor or developer would suggest that you use one of the easiest techniques in order to increase its value in the eyes of any ...
Although we keep hearing about it, there’s still a lot of uncertainty around digital real estate, also known as virtual real estate. The terms refer to the ownership and usage of ...
Wondering what is the cash offer definition?
Well, the cash offer definition is pretty much what it says, an offer made in cash.
But aren’t all offers cash? No one buys a house ...
For those seeking a new place to live in the state of Florida, the city of Jacksonville Beach is a strong contender. The city has a rich and storied history, a progressive, forward ...
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