CONTINGENCY A condition that must be met before a contract is legally binding. For example, home purchasers often include a contingency that specifies that the contract is not binding…
Title Search: An examination of the public records to determine what, if any, defects there are in the chain of title. The title search is usually performed by an experienced…
Curb Appeal: The impression gained, whether good or bad, of a property when it is first seen, usually from the street while driving by. Why Curb Appeal Matters First impressions…
Great idea for those looking for little to no yard maintenance! PATIO HOME: A land-conserving, small-lot housing design in which part of the home is build close to, or at,…
UNDERWRITING: The analysis of the extent of risk assumed in connection with a loan. Underwriting a loan includes the entire process of preparing the conditions of the loan, determining the…
Have you heard of this? It’s actually more commonly found than you might think! Mechanic’s Lien: A statutory lien created in favor of materialmen and mechanics to secure payment for materials supplied…
Quitclaim Deed: A deed of conveyance that operates, in effect, as a release of whatever interest the grantor has in the property; sometimes called a release deed. The quitclaim deed…
