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Popular Real Estate Questions

Popular Real Estate Glossary Terms

Amount awarded by a government when a person's property is condemned and he must move. ...

Lien prior to another lien taking precedence over it. A senior lien may not necessarily be a first lien. ...

Annuity contract. If the annuitant dies before receiving income at least equal to the premiums paid, a beneficiary receives the difference in installments. If the annuitant lives after the ...

Legal property rights that don not include possession. Examples of incorporeal property rights are air and mineral rights, riparian rights, easement and access rights. ...

Taken out on property to replace or repair it if it malfunctions. It covers parts and/or service. An example is a warranty a homeowner takes out on a stove, refrigerator, or dishwasher. It ...