Real Estate Term of the Day: Examination of Title EXAMINATION OF TITLE – research of the title to a piece of real estate (Barron’s Dictionary of Real Estate Terms) The researcher will identify through public records who is the owner of the property and if there are any recorded ENCUMBRANCES affecting the property. There are many different … More Real Estate Term of the Day: Examination of Title
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: Escape Clause ESCAPE CLAUSE – a provision in a contract that allows one or more of the parties to cancel all or part of the contract if certain events or situations do or do not happen (Barron’s Dictionary of Real Estate Terms) The most common use of the escape … More Real Estate Term of the Day: Escape Clause
Real Estate Term of the Day: Equal Credit Opportunity Act EQUAL CREDIT OPPORTUNITY ACT – a federal law, enacted in 1974, to discourage discrimination by lenders on the basis of sex or marital status. Amended in 1976 to prohibit discrimination on the basis of age, race, color, religion, national origin, or receipt of public assistance … More Real Estate Term of the Day: Equal Credit Opportunity Act
LESLIE MONACO REAL ESTATE 