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

Correction Deed

Issued to correct errors in another deed such as spelling errors in a name or an improper legal desc ...

Unit

Segregated part of a structure such as an office in an office building or a residence in an apartmen ...

Capital Assets

(1) Any asset purchased for use in production over long periods of time rather than for resale. It i ...

Gift In Trust

Value or property given by an individual to a trustee who holds and administers it for the benefit o ...

Undisclosed Principal

A major party to a transaction, such as a seller or purchaser of property, remains anonymous. An ...

Asset Sufficiency Or Insufficiency

Computation of the asset share value, surrender value, and reserve and the comparison of the three c ...

Related Real Estate FAQ

What Will My ARM Loan Payment Be ?

RealEstateAgent.com calculator will compute your initial payments and estimate your future payments. ...

What Is Underwriting?

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

What Is A Down Payment?

A down payment is the money you pay up front for the purchase of a home. ...

What Is An Interest Rate?

An interest rate is the percentage the lender charges you for borrowing money. ...

Should I Pay Points For A Lower Rate?

Paying points for a lower interest rate is a trade off between paying money now versus paying money ...

What Is A Housing Ratio?

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance ...

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

Build or Buy? That’s the Big Question What Must I Disclose When Selling My Home? How to Defray the Hidden Costs of Home Ownership How To Get A Loan with Bad Credit When to Dispute Your Home Appraisal

FAQ

What is an origination fee? What do I need to know about Whole Life Insurance? What is a commitment letter? What are paid advertorials? What is a debt-to-income ratio?