Historical Structure

An income feature added to a mortgage whereby the mortgagee earns income in addition to the mortgage interest and principal payments. Also called an equity kicker, a kicker allows the ...

Ambiguous contractual language that may result in an unsuspecting buyer of a real property incurring obligations or risks not clearly evident. ...

Right of property owner to have his or her property used in satisfying a loan. Written contract of court judgment placing a lien on a parcel of property as collateral for a loan. An ...

Summary of a judicial decision in a legal case. ...

Loan such as a mortgage that the borrower has consistently made payments on when due over many years. The borrower has proven his creditor worthiness. ...

Occurring two times per year; also called semiannual. On the other hand, biennial means occurring each two years. ...

Used to support two properties; it is attached to both. ...

Agreement in which the promises of the parties are revealed in words, either orally or in writing. ...

Incorporated in 1935, the city of Gulf Breeze FL is just a 15-minute drive from Pensacola. You will find it right on the coast of the Gulf of Mexico with waterfront access on three of its ...

The definition of a commitment letter or letter of commitment in real estate is a letter whose purpose is to inform a loan applicant that their application has been processed and their ...

When you’re thinking of moving to a new city, it’s important to have a good understanding of exactly what you’ll need to expect before you take the leap. Things like ...

Every city has its own charm and there is always something special that sets apart every state, region, or city. If you are coming to northern Virginia, there are definitely some unique ...

Perched on a seabank overlooking the Atlantic ocean the city of Pensacola has a long and fascinating history that has seen it switch hands between Spain, England and finally the United ...

With the economy as it is today, cost of living is of more importance than ever when it comes to choosing a place to live. Cost of living determines how much time you’ll spend ...

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The right of a property owner to have and enjoy all of the advantages of property ownership including airspace rights, mineral rights, riparian rights, and rights to alluvion, as well as ...