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What is an Easement?
An easement is legal right for one party to use a portion of another person's property for a specific purpose, such as ingress and...
professor566
Feb 15, 20241 min read


What is a Back Yard?
A backyard is more than just a space, it is a tapestry woven with memories, laughter, and imagination. It is a stage for endless tales, a...
professor566
Feb 11, 20241 min read


What is a Deed of Trust?
A deed of trust or trust deed is a legal document used in some states as an alternative to a mortgage. In a deed of trust, the property...
professor566
Feb 10, 20241 min read


What is Depreciation?
Depreciation is the decrease in the value of a property over time due to wear and tear, obsolescence, or other factors. Would you like to...
professor566
Feb 9, 20241 min read


What is a Default?
A default occurs when a borrower fails to make a mortgage payment or otherwise violates the terms of their loan agreement. Would you like...
professor566
Feb 8, 20241 min read


What is a Deed?
A deed is a legal document that transfers ownership of real estate. The grantor conveys the interest that they have to the grantee....
professor566
Feb 7, 20241 min read


What are Days on Market?
Days on market are the number of days a property has been listed for sale. Would you like to learn more about Real Estate? Have you ever...
professor566
Feb 6, 20241 min read


What is Capitalization Rate?
A capitalization rate, sometimes called a Cap Rate, is a metric used to estimate the rate of return on a property investment. Would you...
professor566
Feb 4, 20241 min read


What is Chain of Title?
A chain of title is a record documenting the history of ownership for a property reaching back to the original owner. Would you like to...
professor566
Feb 3, 20241 min read


What are Covenant, Condition, and Restrictions?
Covenant, condition, and restrictions, sometimes referred to as CC&Rs, are the rules governing the use and maintenance of condominiums or...
professor566
Feb 2, 20241 min read


What is a Cape Cod?
A Cape Cod is a two-story house style with a central fireplace and gabled roof. Would you like to learn more about Real Estate? Have you...
professor566
Feb 1, 20241 min read


What is Caveat Emptor?
Caveat Emptor is Latin for "Let the buyer beware," emphasizing the buyer's responsibility to research the property. Would you like to...
professor566
Jan 30, 20241 min read


What is a Blanket Mortgage?
A blanket mortgage is a special type of mortgage that covers two or more properties. A blanket mortgage might also include a release...
professor566
Jan 28, 20241 min read


What is Basis?
The basis is the original cost of a property for an investor and is used to calculate capital gains for tax purposes. Would you like to...
professor566
Jan 27, 20241 min read


What is a Bill of Sale?
A bill of sale is a legal document that transfers ownership of personal property or services from one person to another. Would you like...
professor566
Jan 26, 20241 min read


What is a Back Up Offer?
A back up offer is an offer to purchase a property that is made contingent on the first offer falling through. Would you like to learn...
professor566
Jan 25, 20241 min read


What is a Balloon Mortgage?
A balloon mortgage is a loan with smaller payments initially, followed by a large final payment (balloon payment) at the end. Would you...
professor566
Jan 24, 20241 min read


What are Amenities?
Amenities are features to a home that are considered valuable. They can be public amenities, such as nearby highways, shopping centers,...
professor566
Jan 23, 20241 min read


What is an Annual Percentage Rate?
An annual percentage rate (APR) is the true cost of borrowing money. The APR reflects the interest rate plus any points, mortgage broker...
professor566
Jan 21, 20241 min read


What is an Alienation Clause?
An alienation clause in a mortgage give the lender the right to request full and immediate payment of the principal plus any interest due...
professor566
Jan 20, 20241 min read
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