A clause in a document forbidding an individual from selling or transferring the subject property to another. Frequently, nonalienation clauses are us ...
A computer-driven process for informing the loan applicant very quickly, sometimes within a few minutes, whether the application will be approved, den ...
In appraisal, the process of reconciling three major approaches-that is, the market comparison,
cost, and income approaches-to arrive at an estimat ...
Same as term lateral support: The right of a landowner to have lateral land support from adjacent properties. The right of lateral and subjacent suppo ...
A clause that may be inserted into a purchase agreement or a lease indicating that subject property must be properly maintained in order to validate t ...
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 sell ...
Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damages such as fire damage, water damage not caused by ...
A multiple listing service is a computerized listing of the homes for sale in an area listed with a realtor. Agents are granted access to the MLS and ...
A title search is the process of reviewing court records and other records to ensure that there are no liens or claims against the property you are bu ...
Cooperative is a form of home ownership in which you own shares in a corporation. In return for the purchase of shares, you are allowed to live in a u ...
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