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 the event of a default without risking personal liability.
The term collusion may make you think about colluding from the start, and you wouldn’t be far from the truth. The definition of collusion is a secret, non-competitive, and, at times, ...
When we talk about agency as a real estate concept, we understand the relationship between the real estate agent and the client. However, the term dual agency defines a type of agency that ...
The definition of reversion in real estate is the return of property or assets to their original owner after a prespecified event or occurrence. This real estate term is used primarily in ...
Ratio of annual mortgage payments divided by the initial principal of the mortgage. This only applies to loans involving constant payment. For example, a $500,000 loan with an annual ...
The city capital of Washington D.C. is famous for … well … for being the capital of the United States of America. That is probably the first thing that people think about when ...
If you’re asking this question, chances are you have at least a little experience in real estate investing. Maybe you don’t have any real world experience, but you’re ...
Located on the Eastern coast of Florida’s northern half, the city of Palm Coast, FL can pride itself with amazing beaches, great weather, amazing outdoor activities and a fair ...
Bentonville Arkansas is a sunny little town in northwestern Arkansas. Nestled in the center of Benton county, Bentonville is in one of the fastest-growing areas in the United States. Why is ...
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 ...
When moving to a new place, most adults do a great deal of research to find out what to expect from their potential new home. If you’re moving to Port Charlotte, you’re probably ...
With so many things to do in St. Petersburg, FL and so many museums to marvel at, the city attracts many visitors as well as new residents. Life in the Sunshine City might just be what ...
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