Tag: estate

DefinitionAllodial title constitutes ownership of real property that is independent of any superior landlord. Allodial title is related to the concept of land held...

What is 'Absentee Owner' An individual who owns a piece of real estate but does not live in it. An absentee owner...

What is 'Abandonment Clause' A clause in a property insurance contract that, under certain circumstances, permits the property owner to abandon lost...

What is 'Absolute Auction' A type of auction where the sale is awarded to the highest bidder. Absolute auctions do not have...

DefinitionA property abstract is a collection of legal documents that chronicle transactions associated with a particular parcel of land. Generally included are references to...

What is 'Real Time' When a system relays information to a user at a speed that is near instantaneous or has a...

Home Ownership by Country Real Estate Mortgage Investment Conduit (REMIC) What is 'Real Estate Mortgage Investment Conduit - REMIC' A special purpose...

DefinitionA real estate broker or real estate salesperson is a person who acts as an intermediary between sellers & buyers of real estate/real property....

Home Ownership by Country Real Estate Mortgage Investment Conduits (REMIC) What is 'Real Estate Mortgage Investment Conduits - REMIC' A complex pool...

What is 'Real Estate Settlement Procedures Act - RESPA' This act was designed to protect potential homeowners and enable them to become...