Setback
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  Setback



Setback

   The distance from the front or interior property line to the point where a structure can be located.

RELATED TERMS
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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.

Point
A point is 1 percent of the amount of the mortgage.



SIMILAR TERMS
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PREVIOUS AND NEXT TERMS
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Servicing
The collection of mortgage payments from borrowers and related responsibilities of a loan servicer.

Servicing agreement
Signed documentation as to who will service the loan.

Servient tenement
Land on which an easement exists in favor of an adjacent property (called a dominant tenement or estate); also called a servient estate.

Set back ordinance
Regulates the distance from the lot line to the point where improvements may be constructed.

Set up sheet
Also know as an "Annual Property Cash Flow Statement." Includes cash flow information about a listed rental property that is passed out to other real estate companies and-or given to prospective buyers.

Setback

Settlement
Another name for closing.

Settlement Cost, HUD Guide
This booklet gives an overview of the lending process and is required by HUD. It is provided to consumers after the loan application is completed.

Settlement statement
A statement prepared by broker, escrow or lender giving a complete breakdown of the cost associated with a real estate transaction.

Severalty
Sole ownership of real property.

Severance
Changing an item of real estate to personal property by detaching it from the land.

This dictionary contains 6433 terms.
      












                    © Real Estate Dictionary 2005 - All rights reserved -

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