A settlement statement is a document provided three days from closing that details every individual cost related to a real estate transaction.
Real estate agents are licensed professionals who get compensated for representing buyers and sellers in property transactions.
A defeasance clause in real estate is a provision in loan agreements that defines how a borrower can satisfy the lender's requirements in order to release their lien on the property. This clause can vary in its application, depending on whether the loan involves residential or commercial real ...
The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice. Before taking any action, you should always seek the assistance of a profess...
Power of Attorney vs. Advance Directive: Which Is Right for Me? Who Can Override a Power of Attorney? Top Get helpful tips and info from our newsletter! Browse legal and business terms #ABCDEFGHIJKLMNOPQRSTUVWXYZ Privacy Preference Center ...
An equitable lien is a legal remedy that's used to prevent unjust enrichment. The way an equitable lien works is that a court...
Some HOAs are run by a real estate developer or property manager. Typically, the developer maintains control until a certain amount of units are sold. If the development is fairly new, find out whether a board has been established yet. ...
Legal operations (legal ops) is the combination of business activities, processes, and professionals that enable in-house legal departments to serve their companies more effectively. It encompasses a variety of activities that do not require a license to practice law, such as strategic planning, pro...
Lis pendens is a legal means for serving notice to anyone concerned with a piece of real estate that there is a claim and pending legal action against the property. It is important because it notifies potential buyers that another party has a claim to the property. If that party wins a la...
A life estate is a property, usually a residence, that an individual owns and may use for the duration of their lifetime. This person is called the life tenant and shares ownership of the property with a second person. The second person is referred to as theremaindermanand automatically rec...