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.
Deed conveying a right, title, or interest of the grantor. It is usually used to clear a cloud on the title such as unenforceable deed restrictions or ...
Legal agreement not to perform an activity similar to that performed by another individual or business. This contractual provision may be necessary to ...
Rate of return that is necessary to maintain market value of a real estate project. The cost of capital is used for project evaluation purposes. Under ...
Property of a defaulted borrower is sold under court order, and the judge must approve the amount received. For example, Fidelity Bank has a first mor ...
A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing a specific interest rate for a specified amount o ...
A home warranty is a guarantee for certain features of a new home-for instance, the materials and workmanship, the main components of the house, and s ...
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