Recession Of Contract | Real Estate Glossary

Definition of "Recession of contract"

Roberto Rodriguez

Olive Branch Realty

Cancellation of a contract such as when a real estate agreement is deemed
illegal.

Additional amount of surplus generated by an additional amount of capital to be included in book val ...

Real property usable in a trade or business. Such as, the property on a which retail store, hotel, o ...

Individual or other entity who owns an insurance policy. Synonymous with policyowner. ...

Act in which volunteers of nonprofit organizations and government entities do not incur liability if ...

Provision applied as a rider attached to an ordinary life insurance policy for the purpose of meetin ...

Individual (s) entitled to receive the income generated by the trust. ...

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing ...

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

An agent who is authorized to open and run his/her own agency. All real estate offices have one prin ...

A title search is the process of reviewing court records and other records to ensure that there are ...

A default is when a person fails to make payments on a loan. ...

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