A reduction in structural value from all reasons except physical failure. For example, a commercial building having an outdated elevator or electrical wiring system is experiencing functional depreciation.
Debt secured by a lien on property.
Commitments related to unfilled contracts for real estate. The purpose of encumbrances is to prevent further expenditure of funds considering the ...
A mortgage loan where the bank provides the mortgagor the required funds to purchase property the bank has obtained through foreclosure on outstanding mortgages. For example, John obtains a ...
Property used consistently for many years by someone without challenge from the owner.
Easement resulting from law such as the reasonable expectation that a purchaser of one or two ...
What’s the definition of real estate collateral?
Could we say it’s like keeping a hostage? No, that would be relatively insensitive. But the idea is similar. In real estate, ...
A clearly stated notice that an owner or operator will not assume responsibility for an inherent risk. For example, at a parking garage, a large notice of nonresponsability clearly states ...
The city of Pensacola FL is well known for the Pensacola Naval Air Station that is located nearby; but did you know that it’s also a great place to live? That’s right! Living in ...
Land O’Lakes is one of the best lake communities in the state of Florida. It is located in Pasco County, and with a population of about 37,000 people, the city is a desirable place to ...
In figuring out the ten best states to live in, you always look at certain factors. These factors can differ from individual to individual, but they are always relative to what you are ...
The city of Foley, Alabama, is located in the southernmost part of the state, only a short drive away from the Gulf of Mexico. The relatively small city has a population of approximately ...
To answer this question, Foley Alabama is quite close to the beach. It doesn’t even really matter to which beach you are referring to because they are all pretty close. Foley, AL has ...
The first time you set foot in Lakewood Ranch FL you are just amazed at how gorgeous this town is since the master-planned residential development that took place in 1994. This project ...
Orlando, Florida is a city of about 300,000 people located in the heart of Florida. Part of the Orlando metropolitan area the city of Orlando is one of the most important cities in the ...
If you’re planning a trip to the city of Houston TX, there’s a good chance you’ll be wondering exactly what there is to do in this city. Whether you’re just in ...
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