Real Estate Term of the Day: Evidence of Title

Real Estate Term of the Day: Evidence of Title EVIDENCE OF TITLE – legal documents, such as a DEED that demonstrate ownership (Barron’s Dictionary of Real Estate Terms) Any legal document that demonstrates ownership of the property will be recorded with the county in which the property is located.  Once the deed is recorded the original will … More Real Estate Term of the Day: Evidence of Title

Real Estate Term of the Day: Evaluation

Real Estate Term of the Day: Evaluation EVALUATION – a study of potential property uses other than to determine its present value (Barron’s Dictionary of Real Estate Terms) Evaluations can include studies related to several different aspects of the property such as: Market & Marketability  – the speed or ease with which a property can … More Real Estate Term of the Day: Evaluation

Real Estate Term of the Day: Escrow, Escrow Account & Escrow Agent

Real Estate Term of the Day: Escrow, Escrow Account & Escrow Agent ESCROW – an agreement between two or more parties providing that certain instruments or property be placed with a third party for safe keeping, pending the fulfillment or performance of a specified act or condition (Barron’s Dictionary of Real Estate Terms) ESCROW ACCOUNT … More Real Estate Term of the Day: Escrow, Escrow Account & Escrow Agent