Defeasance Clause

Rights allowing an insurer to act against a negligent third party to receive reimbursement for payments made to an insured. ...

Has not been registered on the companies books. It belongs to the person holding it. See also bearer bond; bearer instrument. ...

Person's title to real estate giving him exclusive power and rights owner it. ...

Legal lien on property on behalf of an individual who has not been paid for material furnished in constructing property. The material enhanced the value of the property, and as such the ...

Upgrading made by a lessee to leased property. Examples are paneling and wallpapering. These improvements revert to the lessor at the expiration of the lease term. As improvement costs are ...

Some states make the legal assumption, based on title theory, that the mortgagee is a partial owner of the real estate securing the mortgage and remains as is until the debt is fully paid. ...

Judicial finding that the debtor owes an amount exceeding the value of the collateral put up for the defaulted loan. ...

Money raised by a syndicate promoter and placed into a fund prior to selecting the specific property in which funds will be invested. ...

You’ve been invited to a housewarming party (or just invited to meet a friend’s new house) and you don’t know what to bring… well, that's why our real estate ...

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If selling the home, this would also be minus any costs incurred in selling the home. If ...

Are you confused because you can never tell what is the difference between an apartment and a flat? Don’t feel bad about it. Everyone has this doubt. And, to be honest, ...

The real estate market in Nashville is harsh. Investors and wannabe homeowners fight over the low inventory. Investors want to get passive income by renting the property, while others ...

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which the lender has agreed to the loan. ...

Recently sold properties that are similar in size, location, and amenities to the home for sale. These properties help an appraiser determine the fair market value of a property. ...

Wondering what is the difference between a condominium and an apartment? Well, differently from the difference between an apartment and a flat, this one is not so much related to word ...

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mortgages (ARMs). This index is based on the results of auctions the U.S. Treasury holds for ...