|
| Indiana Real Estate Agent |
|
Menu
|
Free Classifieds and Advertising for Individuals and Businesses at www.KeepSane.com
RANGE A measurement, used in the government survey system, consisting of a strip of land six miles wide, running in a north-south direction. VERIFICATION OF DEPOSIT (VOD) Document signed by the borrower's bank or other financial institution verifying the borrower's account balance and history. REFINANCING The process of paying off one loan with the proceeds from a new loan secured by the same property. BOUNDARIES The perimeters or limits of a parcel of land as fixed by legal description which is usually a metes and bounds description. PRIME RATE The minimum interest rate charged by a commercial bank on short-term loans to its largest and strongest clients(those with the highest credit standings). LANDLORD The lessor or the owner of leased premises. The landlord retains a reversion interest in the property so that when the lease ends the property will revert to the landlord. ASSIGNMENT The transfer of ownership, rights, or interests in property by one person, the assignor, to another, the assignee. |
Copyright © 2004-2005 | www.WeWillBuyYourHouseFast.com | Privacy Policy |