Declaratory Judgment

Definition of "Declaratory judgment"

A binding judicial determination of the rights and standing of litigants. A declaratory judgment does not result in any relief for the action brought before the court. It merely determines whether there is a justifiable action between the litigants. A Subsequent judicial action between the parties determines any relief on the declared justifiable action.

Search Real Estate Glossary

Related Real Estate Glossary terms

Payment Cap

Limit on how much a borrower's payment can increase. ...

Assume

To undertake or take on a responsibility or duty. ...

Cost Of Risk (cor)

Quantitative measurement of the total costs (losses, risk control costs, risk financing costs, and a ...

Jumbo Loans

Loans that differ from conforming loans in that they are above the maximum conforming amount and tak ...

Urban Property

real property located in a metropolitan, heavily populated area. ...

Per Stirpes

Type of property distribution occurring when a person dies intestate. The estate id divided by the c ...

Related Real Estate FAQ

What Is Loan Amortization?

This calculator will amortize your mortgage over the loan period based on your input. To see a break ...

What Is A Down Payment?

A down payment is the money you pay up front for the purchase of a home. ...

How Can I Protect My Home Office?

Commercial insurance is designed to help protect many of the risks your business can face, includin ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

What Is A Convertible ARM?

A convertible ARM is an adjustable- rate mortgage (ARM) that can be converted into a fixed rate mort ...

What Is The APR For This ARM Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

5 signs of house foundation problems Real Estate Open House - The Dos and Don 6 Reasons you are not selling properties Should you Buy a Home with Cash? Home Prices - The Extra Costs

FAQ

Why should I use a real estate agent? What type of Life Insurance is right for me? What do I need to know about Individual Health Insurance? What do I need to know about Watercraft Insurance? What is hazard insurance?