Continuation Statement


Definition of "Continuation statement"

Teresa & Angela Kidd
  Keller Williams Realty

Document submitted to a governmental agency to extend the time period for a previously approved document.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Generation Skipping Transfer Taxes

Provision under the Internal Revenue Code, Chapter 13, that specifies a transfer tax of 55% of the g ...

Life Insurance Cost

Amount paid to an insurer. Determination of the actual cost (not the price paid) of a life insurance ...

Appraisal Date

Date of the valuation of property, usually contained in a report. ...

Intestate

Death without a will having been drawn. Under this circumstance, the court follows state law in deci ...

Specifications

Details relating to the construction of a structure. The specifications, usually designated in the b ...

Restrictive Covenant

Legal agreement restricting the use of real property for designated purposes. It may also apply to ...

Related Real Estate FAQ

What Is A Basic Policy?

A basic policy is a homeowners insurance policy that covers certain perils. ...

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

What Is Cooperative?

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the ...

What Is Commission?

The fee an agent earns for the sale of a home-usually a percentage of the selling price. ...

What Is An APR And What Does It Include?

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortga ...

What Happens When You Prequalify?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving y ...

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

How is Square Footage Determined? How To Sell Your Home 7 Things to Consider Before Moving to a New City Getting Ready to Sell? Don't make these DIY Mistakes! 7 Tips for a First Time Homebuyer

FAQ

What is a FHA mortgage? What is Disability Insurance? What does Travel Insurance Typically Cover? What is an appraised value? How much Life Insurance do I need?