Unenforceable


Definition of "Unenforceable"

Oral or written contract that is not enforceable by the judicial system. Examples are contracts with minors, fraudulent agreements and contracts that exceed the statute of limitations.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Fraud

deliberate action by an individual or entity to cheat another causing damage. There is typically a m ...

Homestead Right

Use of a home, and the land and buildings surrounding that home, free from the claim of creditors. T ...

Appreciation

Increase in the value of real estate. ...

Bench Error

Mistake made during the manufacturing process of a product that results in an inherent defect in the ...

Extended Coverage Endorsement

Extension of coverage available under the Standard Fire Policy. The standard policy only covers the ...

Mortgage Share (participation) Agreement

A written agreement between institutional investors to buy or sell ownership shares in mortgages. A ...

Related Real Estate FAQ

What Is Escrow?

Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. Wh ...

What Are Paid Advertorials?

Paid advertorials are articles written by public relations professionals that have just one goal in ...

What Is A CD?

A CD, or Certificate of Deposit, is an investment usually made for a given period of time at a fixed ...

What Is A Buyer’s Agent?

An agent hired by buyers to help them find and negotiate the purchase of a home. This agent works fo ...

What Is A Private Mortgage?

Private mortgage insurance is insurance that protects mortgage lenders against default on loans by p ...

What Is A Title Search?

A title search is the process of reviewing court records and other records to ensure that there are ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

5 U.S. Cities with the Best Public Transportation Home Prices - The Extra Costs Rent or Buy - the pros and cons Is it better to buy or sell a home first How to become a real estate agent

FAQ

What do I need to know about Condominium Insurance? What is a loan origination fee? What is an assessed value? What is a second mortgage? What is a buyer's agent?