Reuse Appraisal
Definition of "Reuse appraisal"
Appraisal performed in accordance with the National Housing Act to determine the resale value of vacant or improved property in an urban area to be or under development. The renewal project may have certain restrictions and specifications placed upon it such as square footage, use of land, and density.
Popular Real Estate Terms
Depressed, poorly kept locality that may include vacant businesses. It may be a high crime area. The people living in the area are typically poor and there may also be homeless people. ...
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Legal proceeding whereby a person's property is attached and used to pay an obligation. The employer may withhold part of the employee's salary to the court until the debt has been paid. ...
When a real estate owner wants to know what their property tax liability is, they calculate the assessment ratio for their property. An assessment ration is a relationship between a real ...
Blockbusting is a despicable and illegal racist business practice. Here’s how Blockbusting happens: a real estate agent, or someone posing as one, comes to a homeowner and instills ...
Time period for which one expects to keep property such as a real estate investment. ...
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Lienholder's statement as to the unpaid balance on a trust deed note. ...
See estoppel. ...
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