Definition of "Judgment"
- A judicial ruling in which the rights and claims of the parties have been considered.
- A final ruling on some aspect formed after all the facts have been taken into account.
- In Real Estate, a court order placing a financial indebtedness on another to pay for a claim. For example. John does not meet his rental obligations to Brian. The court issues a judgment against John brought by Brian.
Popular Real Estate Terms
One of the most recurring real estate doubts is regarding what is a broker in comparison to what is a real estate agent. Well, it depends from state to state to tell exactly what a Broker ...
Action that is beyond that allowed legally. Examples are charging illegally high interest rate on mortgages and real estate exceeding the amount permissible by legal statute, and a real ...
Heated structure needed to raise fowl. ...
Said of property that is bought subject to the existing loan against it. ...
The definition of trade-in in real estate refers to a swap of houses. The trade-in program gives a seller of a property the chance to find an ideal replacement home for their family while ...
Warming method using sunlight. It involves special glass panels. ...
Privilege of a real estate investor or lender to participate in the profitability generated from property. This is in addition to any principal, interest, or dividends. ...
Financial institution that channels the savings of its depositors mostly into mortgage and home improvement loans. It concentrates on originating , servicing, and holding mortgage loans. ...
Designation given to members of the American Society of Real Estate Counselors (ASREC). A prerequisite for membership is professional experience and ethical conduct. ...
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