Succession | Real Estate Glossary

Definition of "Succession"

Linda Scott

Coldwell Banker Bullard Realty

transfer of real property by legal means such as through inheritance.

One who receives real property under a will. ...

The person identified to receive the benefit of property held in trust. ...

A lien which is secondary to a senior lien and cannot be paid until the senior lien is satisfied. ...

Percentage of total surplus retained, in insurance company operations, that serves as a reserve to c ...

Individual having the necessary certification, education and experience to professionally evaluate r ...

Medium price for a new second home. Medium is the middle value between the lowest and highest figure ...

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Homeowners association is a nonprofit association that manages the common areas of a condominium or ...

When you are prequalified, the lender gives you an estimate but does not formally commit to giving y ...

The insurance company will replace it with a model as close to it as possible in the current retail ...

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

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