Title Defect

Judicial order creating a trust for property wrongfully or illegally assumed or taken. The trust compels the person improperly to transfer it to another having a legally sustainable claim. ...

Against the thing. A legal term describing proceedings against property in contrast to a proceeding against individual parties. For example, because John has lost his job, he defaulted on ...

The Multiple Listing Service (MLS) is an exclusive database of properties created by real estate agents and brokers. The idea behind the creation of the Multiple Listing Service (MLS) ...

The price the seller charges the buyer for real estate. The net sales price received by the seller will be less after taking into account the selling costs (e.g., brokerage commission, ...

Limited-time warranty against defects, offered by builders to new home purchasers. Normally effective for a relatively short period of time, such as one or two years. ...

Meaning or definition given to an act, fact. Or thing through legal or juridical interpretation. ...

Factor used to determine the equal periodic payment associated with a real estate transaction. ...

House designed and zoned for one-family use. Other dwellings may be attached to a single family dwelling, but do not share the same plumbing, heating, or electrical system. Single family ...

Basement remodels add more beautiful living space and are usually treated like new construction. This means that it increases your home’s assessed value and therefore an increase in ...

Came here wondering if you need a permit to build a bunker? Of course you do. Come on, this is America; you need a permit to build anything! Especially a deep earth bunker, which might go ...

A basic policy is a homeowners insurance policy that covers certain perils. ...

Yes, you can use two realtors® to sell your house. Actually, more than two. You can use how many you’d like. It’s what is called an Open Listing. In it, the home seller ...

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest, property taxes, and insurance (OITI)-compared to the borrowers gross, pretax monthly ...

You’ve searched all through the internet regarding how to close a real estate deal without an agent and now you’ve arrived here and we hope that you finally have the answer you ...

You’re researching your options regarding a homeowner’s insurance policy and you’re wondering which to get; there are so many! Then, your real estate agent, a great ...

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-term debt) to your monthly gross income. Lenders use this ratio-sometimes called the ...