|
| Oklahoma City Real Estate Agent |
|
Menu
|
Free Classifieds and Advertising for Individuals and Businesses at www.KeepSane.com
ENTIRETY, TENANCY BY A form of joint ownership of property between husband and wife with the right of survivorship. OPINION OF TITLE An opinion by a person competent in examining titles, usually a title attorney, as to the status of the title of a property. CALL OPTION A provision of a note which allows the lender to require repayment of the loan in full before the end of the loan term. The option may be exercised due to breach of the terms of the loan or at the discretion of the lender. SURVEY The process by which boundaries are measured and land areas are determined; the on-site measurement of lot lines, dimensions, and position of houses in a lot including the determination of any existing encroachments or easements. LIEN A charge or claim which one person (lienor) has upon the property of another (lienee) as security for a debt or obligation. Liens can be created by agreement of the parties(mortgage) or by operation of law (tax liens). CUL DE SAC A street which is open at one end only, and which usually has a circular turnaround; a blind alley. PITI Abbreviation for Principal, Interest, Taxes and Insurance, the components of a monthly mortgage payment. |
Copyright © 2004-2005 | www.WeWillBuyYourHouseFast.com | Privacy Policy |