Misrepresentation
Definition of "Misrepresentation"
Intentionally misstated or undisclosed facts, statements or representations. Misrepresentation is a form of fraud which could lead to cancellation of a contract or other liability. For example, an individual selling a home misrepresents the fact that the home is infested with termites. Upon discovering the true situation, the new homeowner wins a court settlement for the costs of repairing the damages.
Popular Real Estate Terms
Structure built into the water from the land providing a facility for boats to tie up. A dock will often provide utility access ...
Amount still unpaid at a particular date on a loan or other financing agreement. ...
A will where the decedent's nomination of an executor/executrix is flawed, requiring an administrator to be appointed by the court and annexed to the will. ...
Financing technique aimed at those people who only plan to live in a house for a short time. Under this mortgage, a lower interest rate and, thus, a lower monthly mortgage payment are ...
Restraining a person or business from denying an appropriate conveyance of property evidenced by a deed has given. ...
Items of real and personal property that usually have a long life, such as housing and other real estate. ...
Partner in a real estate business who remains anonymous but has legal rights and obligations. ...
Individual who has a legal obligation to pay money to another. ...
Law of the state establishing guidelines and requirements for constructing buildings. The standard may differ between the states. ...
Have a question or comment?
We're here to help.