Deficiency Judgment

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 ...

Fees that all tenants or owners must pay for the cost of maintaining common areas. ...

A person who dies without a will and having unknown intentions regarding his estate. In such case, a court administrator is typically appointed to act as an executor in distributing any ...

An estate which descends to heirs in perpetuum. In an estate of inheritance, the current tenant not only has the right to enjoy the property for life, buy his or her tenancy rights pass to ...

Availability of houses in an area. ...

In conducting a real estate transaction, each party is presumed honest and fair with no deceit. The intentions are honorable and realistic. If deception occurs without prior knowledge, the ...

Structure or part thereof, such as a building, that obstructs or overlaps another property. Infringement on the property or rights of another individual or business. ...

Geographic location where a vacant or occupied structure exists. It usually means the land reserved is for a future building. ...

Conveniently located between Atlanta and the Blue Ridge Mountains, the city of Canton GA, offers scenic views of Etowah River and the foothills as well as plenty of great attractions. ...

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

When we look at home equity, we instantly think of home equity loans or home equity lines of credit. There is a reason for that, and we’ll get to it in a bit. Firstly, however, ...

I looked at a property yesterday with a REALTOR® who seems to be clueless.  I am really interested in purchasing the property, though. Can I switch agents and still make the ...

A lock in guarantees a certain interest rate for a certain period of time. ...

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 ...

Heading towards the west coast of Florida you will run into the Tampa Bay area, one of the most visited places in the state. If we are moving more inland, away from the beach area, you will ...

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