Title Defect
Title deficiency that prevents a seller from successfully transferring property to a buyer. A title company may discover a title defect ( due to encumbrances against the property or failure of a former co-owner of the property to sign a deed transferring the title, etc.) in preparation for a closing, effectively blocking the sale of the property until the defect is resolved.
Popular Real Estate Terms
Considering future occurrences that may possibly arise. ...
time period, as established by state statute, during which a property owner can redeem a defaulted mortgage or land contract or reclaim a foreclosed property. A property owner acting ...
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Markets for long-term bonds and equity securities of real estate companies. ...
Time period for which one expects to keep property such as a real estate investment. ...
Financial institution that channels the savings of its depositors mostly into mortgage and home improvement loans. It concentrates on originating , servicing, and holding mortgage loans. ...
Business entity providing water services in a particular locality. ...
Aerial navigation that may interfere with a property owner, such as creating undue noise. The value of land near an airport may decline in value for this reason. Further airport congestion ...
Region or locality that assesses real estate taxes on the properties located within its borders. Frequently, the local county or city is the property taxing jurisdiction which is empowered, ...
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