Menace


Definition of "Menace"

Threat of violence to obtain a contract.

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Popular Real Estate Terms

Builder Warranty

Limited-time warranty against defects, offered by builders to new home purchasers. Normally effective for a relatively short period of time, such as o ...

Run With The Land

Privileges, rights, obligations, or restrictions associated with owning land. They are directly associated with the land regardless of who owns it. E ...

Liquidity Risk

Risk that an individual may have to sell assets at distressed prices to raise funds. An example is a homeowner who must sell his house at a low pri ...

Purchase Money Mortgages (PMM)

Type of seller financing. It is a mortgage loan from a seller instead of cash for the purchase of real estate. The term has a dual meaning in real est ...

Contract Rate

Stated rate of interest on the face amount of a loan or installment note. ...

Contract

Agreement between two or more individuals whereby each party agrees to do or not to do some act. The parties have reciprocal obligations of performan ...

Popular Real Estate FAQ

What Is Equity?

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If selling the home, this would also be minus any cost ...

What Is A Multiple Listing Service (MLS)?

A multiple listing service is a computerized listing of the homes for sale in an area listed with a realtor. Agents are granted access to the MLS and ...

What Does The Real Estate Settlement Procedures Act (RESPA) Require?

The Real Estate Settlement Procedure Act requires the lender to disclose certain information about a loan, including the estimated closing costs and A ...

What Is A Housing Ratio?

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance) to your monthly gross income. Lenders use this r ...

What Is A Buyer's Agent?

On most transactions, there is usually a listing agent and a selling agent. The selling agent is sometimes referred to as the buyer\'s agent, because ...

What Does An Appraisal Mean?

An appraisal is an estimate of the value of a certain property by a qualified, independent individual. ...

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