Vendor's Lien
Definition of "Vendor's lien"
Also called purchase money mortgage. A seller's claim to property held by a buyer as collateral for a debt or charge.
Popular Real Estate Terms
A loan used for acquiring land. Loans used to purchase unimproved land have more risk than a mortgage to purchase improved property, thus, land loans traditionally have a somewhat higher ...
Street terminating at one end with only one outlet. A dead end street is not a through street. See also cul de sac. ...
person designating an agent to act for him. Primary individual having full financial liability. Amount being risked in a real estate investment. Owner of a real estate business. ...
Form of zoning regulation permitting all the uses permitted in more restrictive zoning to also apply to less restrictive zoning. The net affect of pyramid zoning is to pyramid only a few ...
Same as term prospectus: Document that must accompany a new issue of securities for a real estate company or partnership. It includes the same information in the registration statement, ...
Value of agricultural land as determined by its ability to produce crops and livestock. ...
Joining together of two or more business entities or persons in order to undertake a specific business venture in a real estate. A joint venture is not a continuing relationship such as a ...
Inspection required in certain types of sales of property to determine if termites are present within a building. ...
Modeled after the English Georgian style, this architecture is a perfectly scaled grand symmetrical structure which is extremely formal and conventional in style. ...
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