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Corporation having only one person, A corporation sole is primarily used for the purposes of a nonprofit ecclesiastic church related organization. Ina church, the corporation sole is headed ...

Apartment building in which each resident owns a percentage share of the corporation that owns the building. ...

term used in law stating 'allow the principal to respond'. An owner of property is legally liable for the improper actions of an agent representing him if it is within the scope of the ...

Amount of money paid for some form of property. In real estate, the price paid for property is usually the market price; however, in the case of a forced sale, as in a foreclosure sale, the ...

An installment sale of land whereby the seller accepts a mortgage from the purchaser to complete the conveyance. After the mortgage has been satisfied, the deed is conveyed to the ...

Percentage of royalties derived from an oil and gas lease payable to someone other than the property lessor. It is a net royalty interest in the oil and gas recovered at the surface free of ...

A closed-end mortgage is a mortgage in which the collateralized property cannot be used as security for another loan. See also open-end mortgage for a better understanding of the ...

Long, wide piece of lumber having a minimum width of 8 inches with a minimum thickness of 1 inch for hardwood and 2 to 4 inches for softwood. ...

Being densely populated, one might expect a certain level of insecurity especially when it comes to crimes in Arlington, however, it is one of the safest places one could live in. It might ...

The time to buy a home has finally arrived as you are ready to make this big financial move for your future. There are a lot of questions that might come to mind at this point. Having the ...

Paid advertorials are articles written by public relations professionals that have just one goal in mind - to get you to buy a home. I\'m sure you\'ve seen them all over Newspaper Ads, ...

Located in the North of North Carolina, Greensboro is well known for its history, the way in which it impacted the nation. It has grown a lot over the past 25 years and it’s ...

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest, property taxes, and insurance (OITI)-compared to the borrowers gross, pretax monthly ...

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. ...

When moving to a new city, there are certain questions any responsible adult will ask before they take the leap and move their life to a new place. If you’re thinking of moving to ...

When you’re moving to a new city, it’s nice to know just what that city is known for. Every city has its claim to fame, after all. If the city you’re thinking of moving to ...