Doctrine

In taxation, the excess of total long-term gains minus total long-term losses on the sale of real estate. Long-term classification is for real estate held one year or more. This is reported ...

Two or more people have a legal duty that can be enforced against them by joint action, against all members, and against themselves as individuals. For example, a bank can require repayment ...

An easement granted to a public utility. ...

The number of days that the lender guarantees the loan's rate and terms. Without a written lock-in agreement, the lender is free to change the rate and terms at the time of loan closing. A ...

method of land description that identifies a parcel by specifying its shape and boundaries. ...

Deterioration in property resulting from its ordinary use and from the aging process. An examples an apartment building that physically deteriorates over the years. ...

An additional fee imposed by lenders on home mortgages payable in cash at the time of the closing. ...

Device that cuts off an electric circuit when the current becomes to strong. ...

For those moving to a new city, there are a lot of different things to take into consideration before you make your decision. You’ll need to find out what the crime rate is, what the ...

A subagent is an agent who works with you to purchase a house but is paid by the seller. ...

When a home is marked “as is”, it means the home seller will not take part on any renovations, will not fix any defects the home buyer might bump into. If the home buyer wants ...

When considering moving to a new city, it’s important to know as much as possible about that city before you make such a life-altering decision. You’ll have to do research, and ...

When you think of an alternative way of living, the limits are, quite literally, limitless. Alternative, by definition, regards a sort of out of the norm concept. Living by the norm is what ...

The year 2021 came with several drastic changes in the real estate industry, and real estate agents need to improve their game daily. Whether these changes were brought about by the ...

Wondering how to stop a lien on your property? Well, there is one pre-emptive measure of including in your bilateral contract that failing to comply with whatever obligations the ...

A negative amortization is a type of loan situation that occurs when the monthly payments do not cover the principal or interest. Instead of declining, the balance of the loan actually ...