Cease And Desist Order
Judicial order prohibiting a person or business from doing something. The court may issue this dictate when unlawful conduct or activity is occurring.
Popular Real Estate Terms
Highest amount a property is worth equal to the amount that would have to be paid to buy equivalent property in the market place. ...
Maximum interest rates a borrower might pay for an adjustable rate mortgage. It controls the amount of change in the rate when it adjusts. The first number is the maximum increase allowed ...
An affiliate of the National Association of Real Estate Boards, engaged in educational programs and publications for its members. Its publications include Real Estate Perspectives and Real ...
Prepayment to a landlord for refurbishing the unit beyond what would be anticipated from customary wear and tear. It is like a damage deposit. The security deposit may be refunded at the ...
Fee a borrower is assessed for the right to make a loan payment before the due date. An example is the prepayment charge for paying-off a mortgage early. ...
Partially amortized and requiring a lump sum (balloon) payment at maturity. ...
The amount of rent a property could command in the open market. See also market rent. ...
Right to enter and start construction or furnishing property that is in the process of being purchased. ...
The definition of cooperative housing is well known by real estate agents because they are often involved in the selling process, in most cases. Cooperative housing is a form of ...
Comments for Cease And Desist Order
I need to stop the sell of a heir house ASP
Jun 08, 2021 15:39:26Hey Lisa! Thank you for reaching out to us. To block the sale of a property that is owned by an heir, legal situations may arise. Whether it's by contesting a will, if that is still an option, depending on your timeline, or by filling a cease and desist order, both situations require an attorney's expertise. Try contacting legal representation with your particular situation or ask a real estate attorney for clarifications. Regardless, the information you found here should not be used as legal advice as we do not have the expertise necessary for legal advice. Contact an attorney, and they will be able to provide you with the information necessary for your situation and guide you in your pursuit.
Jun 11, 2021 07:11:45Have a question or comment?
We're here to help.