Foreign-born individual not qualifying as a citizen of the country in which he or she resides.
Popular Real Estate Terms
Out-of-state or out of jurisdiction administrator appointed to probate a decedents property when there is no executer or executrix. ...
Range reconnaissance, or surveying, for the purpose of preparing grazing capacity estimates. There are two parts to a range survey: mapping of grazing cover varieties and associated ...
Real rate of interest on a loan. It is the coupon rate divided by the net proceeds of the loan. Assume Sharon took out a $1,000,000, on year, 10% discounted loan to buy real estate. The ...
Also called settlor. A trust created by a will starting upon the donor's death. It empowers a trust administrator to implement the terms of the trust. ...
Something that is hidden or overlooked and may be realized at a later time. For example, an individual's name is improperly spelled on a title deed, and the oversight is not noticed until ...
Expenditures incurred to develop real estate. An example is the cost to build a shopping center. ...
Appraisal by summation is an Alias for Replacement Cost A.K.A. Cost Approach, which is one of the approaches an Appraiser can go through in order to assign a Market Value to a ...
A lien on property such as for the nonpayment of real estate taxes or mechanic's lien for repairs to the home without the consent of the owner, created by operation of law. ...
Bankruptcy declared by any insolvent person or business. In contrast to involuntary bankruptcy, which is applied for by the creditors. ...
Comments for Alien
Can a country club require you to pay dues if you are a member and live in the neighborhood
Nov 22, 2018 12:51:32Hey again, Jane
Well, if you are a member and the country club statute says so, yes. The fact that you live in the neighborhood doesn't mean much because, in this relation, your house and residences are Aliens to the Country club.
Now, what they cannot do is charge non-members (aliens) just because they share the same neighborhood. Their statute is limited to their premises and members. It will hardly share a Homeowner's association with your house as well, since country clubs are not residences but land with a different kind of use and, therefore, rules connected to it. If you're having problems with a Country Club, we suggest reaching a lawyer to help you complaint with the city. Good luck!
Nov 29, 2018 17:10:21What does aliens mean in real estate
Nov 06, 2018 19:27:36Thanks for reaching out Jane,
Alien comes from being "alienated", so whenever you hear "alien" within the real estate context is to mean that a person is almost a third-party. The person is being alienated from whatever it is. Separate from ownership, from the decision process etc.
Nov 20, 2018 17:36:19Hope it helped!
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