Squatter's Right
Right to use property in the absence of forcible eviction by another. Some state laws allow squatter's rights to convert to bona-fide title over time. For example, if it cannot be ascertained who owns a parcel of property then a squatter may acquire title to the real estate because he has been an occupant of the property continually for some minimum period required by law.
Popular Real Estate Terms
An Act, passed by congress in order to prevent the practice of redlining and disinvestments in central city areas. Redlining is a practice in which lenders refuse to make loans in certain ...
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Act of receiving the rights and privileges of a citizen including property rights. ...
Worth of property based on the relevant economic factors (e.g., state of the economy, unemployment rate). ...
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Rating used by lenders and creditors to determine if a credit applicant should be granted credit. It depends on many factors such the applicant's job history, earnings, net worth, etc. Some ...
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Provision in the insurance policy lapses due to premium nonpayment, all unpaid premiums must be paid, and any additional requirements must be satisfied before reinstatement can take place. ...
Room in a home where the occupants spend their leisure time. ...
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