Executor (male)/ Executrix (female)

To eliminate, nullify, or reduce. ...

Proposing or presenting for acceptance a price for a property parcel. Evidence of willingness to enter into a sales agreement. The bid price in a real estate or security ...

Legal abbreviation meaning with husband. ...

Provision guaranteeing the return of title to a mortgagor upon satisfaction of a mortgages conditions and terms. Causes the discharge of a mortgagees estate interest in a property. ...

The initial lessee of rented property who then leases it to a subtenant. ...

Also called opportunity cost. The return foregone from an alternative employment of time or facilities. For example, if a building is rented out to a charity for a bingo night for $1,000 ...

Metal hardware within the construction that is typically not visible, such as bolts, nails, and screws. ...

Arbitrary value assigned to real property without any scientific or technical reason. It is a personal decision based on a hunch. ...

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off of the loan in the event that you inherit a small fortune. Most loans these days do not ...

There’s really no easy and quick answer to “how much money can I borrow to buy a home?” It will all depend on the overall financial health of the area in question, the ...

Considering that property depreciation is the phenomenon of an asset losing worth due to its use over time, home depreciation is not only common but inevitable. However, this is ...

Do real estate agents work with home renters? Yes, they do. To be honest, real estate agents are willing to work with everyone. There are some who are specialized in sales and not rentals, ...

The cost of homeownership in the US is often the main concern of first time home buyers. Is it better to own a property or to rent? Is it better to postpone the purchase of a home or the ...

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mortgages (ARMs). This index is based on the results of auctions the U.S. Treasury holds for ...

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate below the current market rate. The developer or seller pays interest costs in order to ...

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 ...