Right Of Dower
A life estate right of a widow on the demise of her husband, if he dies intestate, to all his lands and possessions for her and her children's support. If she dissents from his will, the widow is entitled to one-third of all the assets of husband's estate. The right of dower has been abolished in almost all states and significantly changed in others.
Popular Real Estate Terms
That portion of a loan collaterized by a leased property extending beyond the expiration date of the lease. For example, a lending institution collaterizes a 20-year loan on a commercial ...
property that has been segregated into parts. ...
Giving one's approval to another, e.g., a fiduciary, to manage his or her finances. ...
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 ...
individual who purchases property for another for the purpose of not identifying to the seller and other interested parties the real identity of the true acquirer. The individual who makes ...
Title granted to those having expertise in valuing homes by the American Institute of Real Estate Appraisers. ...
Agreement in which some terms are yet to be carried out. The contract is still not fully completed. ...
Charge by the lender to keep credit available to the potential borrower. Once the loan is made, interest is charged on the amount borrowed. Real estate businesses often need money available ...
Air penetrating crevices in a structure. Penetration of water into the earth or through a structure. For example, water infiltrates the basement of a house causing it to be damp. ...
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