Deficiency

Canceling, nullifying, terminating, or dishonoring a contractual obligation. The Truth-in-Lending Act provides the right of rescission whereby a person can annul a contract without ...

Tax-free status given to certain nonprofit organizations and governmental entities. Churches, charities, and government buildings do not pay property tax because of their tax-free status. ...

A roof having two slopes on each side. The second slope is longer than the first part of the roof and extremely steep. ...

Founded in 1930 and located in Centerville, UT, NARELLO has 700 members consisting of state administrators managing real estate licensing laws. It seeks to improve real estate licensing ...

Contractual clause freeing a party from personal liability. Foe example, an exculpatory clause in a mortgage agreement provides a mortgagor the ability to surrender a mortgage property in ...

Latin for at first sight. Facts assumed to be true unless subsequent evidence disproves it. ...

The term master deed is a deed filed by a condominium developer or converter to record all of the individual condominium units owned within a condominium development. For example, a ...

refusal of one party to a contract to carrying out his or her responsibilities under the agreement. An example is when a builder refuses to perform previously agreed services for the buyer ...

Located in North Carolina, the town of Cary has a population of about 170,000 people, and it is known to be one of the hottest small cities in the East. The city is continually growing, and ...

There are a lot of things you might want to know about a place before you decide to make Ashburn Virginia your new home. You’ll want to know what the housing market is like, so you ...

In this modern world, just about everyone has a job. Without a job, you can’t buy a home. Without a job, you won’t be able to put gas in your car or even buy a car. This being ...

The meaning of appraised value is the evaluation of a property by a professional appraiser at the time of a mortgage origination process. The financing institution usually chooses the ...

If you’re thinking of moving to Port Charlotte FL, we don’t blame you. It’s a beautiful place, with a long list of attractive qualities that might sway your opinion in ...

When you’re thinking of moving to a new city, it’s important to have a good understanding of exactly what you’ll need to expect before you take the leap. Things like ...

Hey, don’t feel ashamed for not knowing what is the difference between a real estate broker and a real estate agent. This is truly one of the most common real estate confusions out ...

Located in Northwest Arkansas, Bentonville is a gorgeous city with a population of about 50,000 people. The city has been growing both in numbers and popularity, and many find it to be one ...