- An adversary hearing allows both parties to an issue to present their views.
- A public procedure performed by an administrative or legislative body to investigate certain matters and encourage an exchange or views as well as to present formal evidence of fact. A hearing is not a judicial proceeding per se, but it can reach an administrative conclusion to be used as a basis for forming an administrative decision. For example, a zoning variance appeal board can have public hearings to encourage an exchange of views and present evidence of fact regarding the effects of re-zoning a certain parcel of property. Based upon the results, a decision will be made by the zoning board of appeals as to whether or not a zoning appeal will be upheld, modified, or denied. The results of a hearing can be appealed to a judicial body.
- An ex parte hearing has only one party presenting his or her views relating to some matter
Popular Real Estate Terms
A loan indemnified against default by the borrower. Such loans may be a mortgage loan insured by a standard mortgage insurance policy or by FHA mortgage insurance. In the event of the death ...
Unincorporated combination (roll-up) of limited partnerships in a real estate together as a group. It is usually more comprehensive, financially sound, and marketable than individual ...
The concept of a release can define various meanings in the financial and real estate business. Typically, it establishes a discharge or literal escape from a loan borrower's economic ...
The company is not responsible to a third party if an account or financial instrument is dishonored by the debtor. The creditor's recourse is solely to the debtor's property. An example is ...
An official indicating intensity of land use in a zoned urban area. ...
An agreement allowing occupancy of a premises for a stated period of time provided certain terms are met. A limited occupancy agreement is most frequently used when a prospective buyer is ...
Charitable gesture, such as when real estate is donated to a charity. The fair market value of the donated property may be tax deductible as a charitable contribution. ...
The meaning of a grace period refers to a specific time after a payment’s due date. During this period, one can reimburse the amount without penalty, extra costs, or forfeiture. Find ...
Legal lien on property on behalf of an individual who has not been paid for material furnished in constructing property. The material enhanced the value of the property, and as such the ...
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