Definition of "Mistake"
Unintentional error. An example is a house that the seller wants $1,000,000 for but it is mistyped as $100,000. An error may be unilateral or mutual. Some types of errors are the basis to rescind a contract.
Popular Real Estate Terms
Property given and accepted as a grant to the public. ...
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Clause in a mortgage that allows the borrower to pay more than the monthly amount and to retire the loan early without a penalty. ...
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