|
| Raleigh Real Estate Agent |
|
Menu
|
Free Classifieds and Advertising for Individuals and Businesses at www.KeepSane.com
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. HUD A federal cabinet department officially known as the Department of Housing and Urban Development. TENANCY IN SEVERALTY Ownership of property vested in one person alone, and not held jointly with another; also called Several Tenancy or Sole Tenancy. POINT OF BEGINNING The starting point in a metes and bounds description of property, which is usually a street intersection or a specific monument. INCOME APPROACH An approach to the valuation or appraisal of real property as determined by the amount of net income the property will produce over its remaining economic life. VENDOR The seller of realty. The seller under an agreement of sale. WALK-THROUGH A final inspection of a home to check for problems that may need to be corrected before closing. MORTGAGEE The lender in a mortgage loan transaction. PLOTTAGE The merging or consolidating of adjacent lots into one larger lot, with the consequent result of improved usability and increased value; also called assemblage. |
Copyright © 2004-2005 | www.WeWillBuyYourHouseFast.com | Privacy Policy |