|
| | |
Inspection
Inspection An examination of a property by the buyer, agent, title insurance company, or other interested party.
RELATED TERMS--------------------------------------
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
Agent
Person authorized to act on behalf of another in dealings with third parties.
Title
1) The rights of ownership and possession of particular property. 2) In real estate usage, title may refer to the instruments or documents by which a right of ownership is established (title documents), or it may refer to the ownership interest one has in the real estate.
Insurance
Protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.
SIMILAR TERMS--------------------------------------
Inspection report
The documentation of a thorough examination of a house's visible structural parts and systems, conducted before purchase.
PREVIOUS AND NEXT TERMS--------------------------------------
Initial interest
This is the first payment of interest. It includes interest for the time between completion date and date of the normal monthly repayment plus the interest for the first month
Initial interest rate
The starting percentage a borrower pays for the use of money on an adjustable-rate mortgage.
Initial public offering (IPO)
The first time a private company offers securities for sale to the public
Initial rate
The rate payable at the outset of the loan, between the start of the mortgage and the end of any benefit period.
Injunction
A legal action whereby a court issues a writ that forbids a party defendant from doing some act or compels the defendant to perform an act. An injunction requires the person to whom it is directed to refrain from doing a particular thing, such as violating deed restrictions or house rules.
Inspection
Inspection report
The documentation of a thorough examination of a house's visible structural parts and systems, conducted before purchase.
Installment contract
A contract for the sale of real estate whereby the purchase price is paid in periodic installments by the purchaser, who is in possession of the property even though title is retained by the seller until a future date, which may not be until final payment.
Installment note
A promissory note with payments of principal and interest made at designated intervals.
Installment Sale
A tax term used to describe a sale which is usually accomplished by use of a land contract.
Institute of Real Estate Management (IREM)
A national organization concerned with professional management of real estate. The professional designation conferred by IREM is ARM, Accredited Resident Manager.
This dictionary contains 6433 terms. |
|
|
