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What is an Acceleration Clause?
An acceleration clause is a contingency in a mortgage that allows the lender to demand full and immediate repayment of the outstanding...
professor566
Jan 19, 20241 min read


What is an Abstract of Title?
An abstract of title is a summary of the ownership history of a property compiled after extensive research. Would you like to learn more...
professor566
Jan 18, 20241 min read


What is an Appraisal?
An appraisal is an estimate of the market value of a property. Would you like to learn more about Real Estate? Have you ever wanted to...
professor566
Jan 16, 20241 min read


What is Adverse Possession?
Adverse Possession is a legal doctrine that allows someone to claim ownership of property if they occupy it for a certain period of time...
professor566
Jan 14, 20241 min read


What are Amenities?
Amenities are features of a property that add value or make it more enjoyable to live in, such as a pool, gym, or concierge service....
professor566
Jan 13, 20241 min read


What is an Acre?
An acre is a unit of land measurement equal to 43,560 square feet. Would you like to learn more about Real Estate? Have you ever wanted...
professor566
Jan 12, 20241 min read


What are Zero Lot Lines?
A zero lot line (ZLL) property simply means that the structure of the home is built very close to, or directly on, the property...
professor566
Jan 11, 20241 min read


What is Zoning?
Zoning, in urban planning, is a system where a municipality or government divides land into "zones," each with a set of regulations...
professor566
Jan 9, 20241 min read


What is a Vestibule?
A vestibule is a small entrance hall or foyer leading into a larger building. Would you like to learn more about Real Estate? Have you...
professor566
Jan 7, 20241 min read


What is a Waiver?
A waiver is when a person voluntarily gives up of a right or claim. Would you like to learn more about Real Estate? Have you ever wanted...
professor566
Jan 6, 20241 min read


What is a Last Will & Testament?
A last will and testament, commonly referred to as a will, is a legal document specifying how someone's property and assets will be...
professor566
Jan 5, 20241 min read


What are Wetlands?
Wetlands are areas with saturated soil and standing or slow-moving water that support unique plant and animal life. Would you like to...
professor566
Jan 4, 20241 min read


What are Water Rights?
Water rights are the legal right to use water from a particular source, such as a river, lake or well. Would you like to learn more about...
professor566
Jan 3, 20241 min read


What is a Use Variance?
A Use Variance is a legal exception granted by a local government to allow a property owner to deviate from existing zoning regulations...
professor566
Jan 2, 20241 min read


What are Air Rights?
Air rights, in real estate terms, refer to the legal ownership or control of the airspace above a piece of land. Just like owning the...
professor566
Dec 31, 20231 min read


What is a Void Contract?
A void contract is one that is invalid due to a lack of an essential element or legal flaws. Would you like to learn more about Real...
professor566
Dec 30, 20231 min read


What is a VA Loan?
A VA Loan is a type of mortgage guaranteed by the U.S. Department of Veterans Affairs for active-duty military personnel, veterans, and...
professor566
Dec 29, 20231 min read


What is a Victorian Style Home?
A Victorian Style Home is an architectural style popular in the late 19th century, characterized by ornate details, bay windows, and...
professor566
Dec 28, 20231 min read


What is Usury?
Usury is charging an excessively high interest rate on a loan. Agent? Want to know more about being a Realtor? Click on the link for the...
professor566
Dec 27, 20231 min read


What is Underwriting?
Underwriting is the process by which a lender evaluates the risk of granting a loan on a property. This involves verifying the borrower's...
professor566
Dec 26, 20231 min read
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