Testate | Real Estate Glossary | Realestateagent.com

Definition of "Testate"

Person who dies leaving a will specifying the distribution of the estate.

One who submits a claim for an incurred loss. ...

Roof having less than a 10 degree slant. ...

Uncertainty in the price of real estate due to market, economic, political or other conditions. ...

Physical contact of an automobile with another inanimate object resulting in damage to the insured c ...

Same as term appraisal: Valuation assessment of real property by an expert third party for the follo ...

(1) Agreement to sell real estate with a pre-arranged reverse but at an established price. This may ...

An investment property is a property you purchase with the intension of using it as a rental income ...

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ...

A mortgage insurance premium is a policy that insures the lender against loss if the homeowner defau ...

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest ra ...

Title insurance is insurance that protects the lender and buyer against any losses incurred from dis ...

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the i ...

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