Insurance protection for the replacement cost of damaged property. Thus, the accumulated depreciation is not subtracted in determining the amount of reimbursement.
Debt secured by a lien on property.
Commitments related to unfilled contracts for real estate. The purpose of encumbrances is to prevent further expenditure of funds considering the ...
A mortgage loan where the bank provides the mortgagor the required funds to purchase property the bank has obtained through foreclosure on outstanding mortgages. For example, John obtains a ...
Property used consistently for many years by someone without challenge from the owner.
Easement resulting from law such as the reasonable expectation that a purchaser of one or two ...
What’s the definition of real estate collateral?
Could we say it’s like keeping a hostage? No, that would be relatively insensitive. But the idea is similar. In real estate, ...
A clearly stated notice that an owner or operator will not assume responsibility for an inherent risk. For example, at a parking garage, a large notice of nonresponsability clearly states ...
For those who plan on moving to a new town, researching ahead of time is an important part of the decision making process. If you’re planning on moving to Knoxville, you’ve no ...
If you’re thinking of moving to Port Charlotte FL, we don’t blame you. It’s a beautiful place, with a long list of attractive qualities that might sway your opinion in ...
A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate below the current market rate. The developer or seller pays interest costs in order to ...
Pursuing a real estate career is not easy, however, the rewards can be great if you stick to it and do your best in order to get better. Real estate has many faces to it, and you can get ...
Ever wondered what it feels like to live in the state of North Carolina? The city of Durham offers one of the most authentic North Carolina experiences. Renowned for its technology ...
Conveniently located between Atlanta and the Blue Ridge Mountains, the city of Canton GA, offers scenic views of Etowah River and the foothills as well as plenty of great attractions. ...
Seated right in the middle of one of the fastest growing regions in the nation, the city of Bentonville Arkansas has seen huge population growth in the past several years. If you’re ...
Located in southwest Florida, the city of Bonita Springs is one of the many coastal towns that cover the long stretch of sand in that part of the Sunshine state. Known for its pristine ...
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