Husband's common law rights to the property his deceased wife owned either during the marriage or at the time of her death. The husband has life estate rights in the deceased wife's property. State laws differ on curtesy rights, and many states have eliminated them entirely. for example, as a result of Thomas'curtesy right, he has a life estate with his late wife's home, but at the time of his death the some devolves to the children from her first marriage.
Popular Real Estate Terms
cash value or other consideration that can be received in a forced sale of real estate, such as that occurring in a foreclosure or when a company is going out of business. The liquidation ...
Individual renting a residential or office unit. ...
Refinancing by a borrower in which the new interest rate takes into account the interest rate on the prior loan and prevailing current interest rate in the market. ...
To approximate the worth or valuation of property To give an appraisal value estimate of property. Property value appraisals are never exact, and are at best approximations of actual ...
Written acknowledgment that money has been paid by someone as a deposit into an account or for the purchase of property or services. Examples are a receipt given by the bank for a deposit ...
The definition of a property brief is a document including the summarization of the attributes and characteristics of the property. Officially issued legal records are supposed to include ...
Legal status conferred by certain states on a homeowner's principal residence. In certain states, homestead status may provide protection against creditor claims or forced land sales ...
The term developer’s profit is the actual profit generated by a developer’s project after the costs of the development have been covered. This profit can come from the sale of ...
In real estate, asking price is referred to as the amount set by the seller, the amount he/she wants to receive for the purchase of their home by the buyer. The asking price isn’t ...
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