Category: Home Selling Strategies

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

March 20, 2012

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

Real Estate Term of the Day: Environmental Protection Agency (EPA)

March 10, 2012

Real Estate Term of the Day: Environmental Protection Agency (EPA) ENVIRONMENTAL PROTECTION AGENCY (aka: EPA) – an agency of the U.S. Government established to enforce federal pollution abatements laws and to implement various pollution prevention programs (Barron’s Dictionary of Real Estate Terms) Some buyers & sellers don’t realize that the EPA does have an impact … More Real Estate Term of the Day: Environmental Protection Agency (EPA)

Real Estate Term of the Day: Encumbrance

March 8, 2012

Real Estate Term of the Day: Encumbrance ENCUMBRANCE – any right to or interest in land that affects its value (Barron’s Dictionary of Real Estate Terms) A quick title search can show recorded encumbrances which can include: Outstanding mortgage loans Unpaid taxes HOA lien EASEMENTS DEED RESTRICTIONS – a clause in a deed that limits … More Real Estate Term of the Day: Encumbrance

Real Estate Term of the Day: Encroachment

March 7, 2012

Real Estate Term of the Day: Encroachment ENCROACHMENT – a building, a part of a building, or an obstruction that physically intrudes upon, overlaps, or trespasses upon the property of another (Barron’s Dictionary of Real Estate Terms) Encroachments can be found by a title search and/or land survey (in most cases an ILC – Improvement … More Real Estate Term of the Day: Encroachment