Succession | Real Estate Glossary

Definition of "Succession"

Linda Scott

Coldwell Banker Bullard Realty

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

The voluntary giving up or surrendering property rights without transferring the title to another pa ...

Group of insureds with the same characteristics, established for rate-making purposes. For example, ...

Techniques used in valuing property. ...

Submission of the application and the first premium by the prospective insured the "offer" and the i ...

Short-term investments, to include the following: commercial paper, interest-bearing balances with b ...

New cost less accumulated depreciation to date. ...

A joint tenancy is an equal, undivided ownership in a property by two or more individuals. ...

A type of mortgage in which the loan amount is amortized over the full length of the loan (usually 3 ...

Your motor home can be both your transportation and your home away from home. So like your auto and ...

A convertible ARM is an adjustable- rate mortgage (ARM) that can be converted into a fixed rate mort ...

A conventional mortgage is a mortgage made by banks and other lending institutions that is not insur ...

A contingency is a provision included in a sales contract stating that certain events must occur or ...

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