Defeasance Clause

Money payments to be delayed for a future date or extended over a period of time. ...

Same as term junior mortgage: Mortgage placed on a property after a previous mortgage. It can be a second, third, etc. mortgage. A junior mortgage is subordinate to the terms of a previous ...

(1) An arrangement to buy real estate at a specified price and conditions. The failure to honor the commitment may result in damages. (2) Bank commitment to lend money in connection with ...

Degree of relationship between variables or factors affecting the real estate market and activities within the market. Correlation examines how the value of one variable changes when the ...

A subdivision map filed in the county recorder's office that shows the location and boundaries of parcels of land. ...

System for human waste disposal where sewers do not exist. Pipes transport waste into septic tank and a leaching field purifies the fluids that come out of the septic tank before they join ...

Party that receives part or all of a construction job to do from the general contractor. ...

Detailed financial accounting of all the credits and debits for the buyer and seller upon consummation of a real estate sale. ...

For the second-largest city in Arizona, Tucson in ways feels like the arty and quirky younger sibling of Phoenix. Located in Pima County which also governs, Tucson, also known as the Old ...

Naples, Florida is a small city situated on the Gulf of Mexico in southwest Florida. This coastline destination is perfect for beach-going since it has a good year-round climate as well as ...

Wondering how to calculate the fair market value of a property? It helps if you understand that it’s all about an estimate; you’ll hardly bull’s-eye-it. Fair market ...

Land O’Lakes is a CDP(census-designated place) located in Pasco County Florida, in the Tampa Bay area. Close to the Gulf of Mexico coast but far enough that Land O’Lakes forms a ...

Real estate was and still remains one of the most lucrative investment strategies anywhere in the world. Knowing how to invest in real estate could bring high returns for investors. Some of ...

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 ...

It’s not hard to figure out why a property has a high market value, especially if you have the qualities of a real estate investor. But what happens to the properties that sell for ...

The city of High Point has a privileged spot in the center of North Carolina, inside the metro area of the Piedmont Triad Region. Also, the city of High Point is known as the Furnishing ...