Loan Closing
Definition of "Loan closing"
Same as term closing: legal process of transferring a piece of real estate to a buyer. Typically it occurs in the office of the lender, attorney, or an escrow company.
Popular Real Estate Terms
Latin term meaning legal capacity to act on behalf of oneself. ...
Main street having a divider either in the center or between the curb and sidewalk with trees, grass, or other shrubbery. ...
Threat of violence to obtain a contract. ...
The label American Land Title Association, also known as ALTA, is a trade association that helps in managing the title insurance industry. Another focus of ALTA is the abstract of title of ...
An oral will made by a testator/testatrix just prior to death before an insufficient number of witnesses. Nuncupative wills depend on the oral testimony of those witnesses present as proof. ...
Functional utility in real estate typically defines a property’s usefulness to the homeowner or lessee. The more purposes it can fulfill, the better. For instance, you can call a ...
Passageway providing public access from a building interior to an exit. Long interior passageway providing access to rooms. ...
Worth of the property part which is left subsequent to a condemnation action. ...
Marketing attractive space at the appropriate location at a good time in the correct square footage at a reasonable price or rental charge. An example is the renting out of space for retail ...
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