Escheat

Also called estate in reversion. A vested interest or estate in which a person has a fixed interest in the future. For example, if a grantor is required by the IRS to pay a substantial sum ...

Rezoning of land from a higher density use to a lower density use. ...

Degree of completion or accomplishment such as a home that is 70% completed. Condition of real property. Position of an item. Legal standing such as of a case. ...

Contractual provision describing the terms under which coverage may be terminated. An insured or insurer may cancel a policy before its expiration date. Generally, a written notice of ...

The APA encourages the best techniques and decisions for the planned development of communities and regions. ...

Same as term spot zoning: Zoning a portion of land in a given area for different purposes than its surrounding functions. For example, a locality may decide to spot zone a vacant lot in a ...

Rental increment tied to sales or profit that is in addition to the flat rental fee. Assume a retail store in a mall is charged a base rental of $5,000 per month plus 2% of sales. If ...

Geographic location by itself with designated boundaries. An example is a district. ...

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

If you plan to stay forever in a certain place, buying is better than renting. Banks and mortgage brokers offer such a huge variety of loans that it is almost impossible not to find ...

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest rate can increase or decrease over the life of a loan. ...

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which the lender has agreed to the loan. ...

Basic points relates to changes in the interest rate for your home. ...

You’re researching your options regarding a homeowner’s insurance policy and you’re wondering which to get; there are so many! Then, your real estate agent, a great ...

Here you are asking us: “Do I have a lien on my home?” We don’t know. Do you? Here are some of the reasons why one would have a lien on their home: Defaulting. ...

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 ...