Estoppel Certificate


Definition of "Estoppel certificate"

Mortgagor's signed statement that the stated remaining balance of a mortgage is correct and it is a property lien. This prevents a mortgagor from later stating the facts were misrepresented, and the mortgage therefore is invalid.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Overall Rate Of Return

Net operating income (NOI) of property relative to its market value. If rental income property wo ...

Package Mortgage

Mortgage on both the purchased real estate and personal property of a durable type. The entire amo ...

Joint Tenants

Property owned by two or more parties in such a way that at the death of one, the survivors retain c ...

Party

Individual or entity who enters into a contract or other legal proceeding, such as a lawsuit. ...

Associate In Marine Insurance Management (amim)

Professional designation earned after the successful completion of six national examinations given b ...

Service Adjustment

Change in years of service credited to employee in calculating pension benefits and other employee b ...

Related Real Estate FAQ

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damag ...

What Is A FHA Mortgage?

A FHA mortgage is when the government guarantees Federal Housing Authority loans. You can put down a ...

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

What Is A Spec House?

The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

What Will My ARM Loan Payment Be ?

RealEstateAgent.com calculator will compute your initial payments and estimate your future payments. ...

What Does FSBO Mean?

FSBO means for sale by owner. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Real Estate Open House - The Dos and Don Home Prices - The Extra Costs Mortgage Loan Types What is Earnest Money Why Right Now is a Good Time for Millennials to Buy a Home

FAQ

What is joint tenancy? What is a spec house? What does FSBO mean? What type of Life Insurance is right for me? How can I protect my Home Office?