rescission
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the right to change your mind. Usually 3 days while under attorney review
deed restriction
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an imposed restriction in a deed for the purpose of limiting the use of the
land by future owners
land
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the surface of the earth, including water and anything attached to it by
nature. The minerals and substances below the earth's surface to the center
of the earth, and upward to infinity.
statute of limitations
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NJ allows 6 years
purchase money mortgage
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a note secured by a mortgage given by a buyer, as a mortgagor, to a seller,
as a mortgagee. Also any mortgage for a purpose other than refinancing
amendatory clause
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In all FHA and VA loans, says that if the house appraises for less than the
agreed upon sale price, the buyer is not obligated to complete the
purchase
,improvements
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buildings erected on land and streets, utilities, sewers and other
manufactured additions to the property
estate in land
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the amount and kind of ownership interest that a person has in real
property. Divided into two types: Freehold estates and leasehold estates
tax lien
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imposed to pay for governmental functions
Real estate license act
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Title 45 chapter 15
, Department of Housing and Urban Development (HUD)
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Federal agency in which you would file a charge of discrimination
referral fee
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part of a commission or fee paid to a broker who sends a client
implied warranty of habitability
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landlord guarantees the property is fit for habilitation and guarantees to
make any necessary repairs to common elements
executed contract
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one in which both parties have fulfilled their promises and thus performed
the contract
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the right to change your mind. Usually 3 days while under attorney review
deed restriction
Give this one a try later!
an imposed restriction in a deed for the purpose of limiting the use of the
land by future owners
land
,Give this one a try later!
the surface of the earth, including water and anything attached to it by
nature. The minerals and substances below the earth's surface to the center
of the earth, and upward to infinity.
statute of limitations
Give this one a try later!
NJ allows 6 years
purchase money mortgage
Give this one a try later!
a note secured by a mortgage given by a buyer, as a mortgagor, to a seller,
as a mortgagee. Also any mortgage for a purpose other than refinancing
amendatory clause
Give this one a try later!
In all FHA and VA loans, says that if the house appraises for less than the
agreed upon sale price, the buyer is not obligated to complete the
purchase
,improvements
Give this one a try later!
buildings erected on land and streets, utilities, sewers and other
manufactured additions to the property
estate in land
Give this one a try later!
the amount and kind of ownership interest that a person has in real
property. Divided into two types: Freehold estates and leasehold estates
tax lien
Give this one a try later!
imposed to pay for governmental functions
Real estate license act
Give this one a try later!
Title 45 chapter 15
, Department of Housing and Urban Development (HUD)
Give this one a try later!
Federal agency in which you would file a charge of discrimination
referral fee
Give this one a try later!
part of a commission or fee paid to a broker who sends a client
implied warranty of habitability
Give this one a try later!
landlord guarantees the property is fit for habilitation and guarantees to
make any necessary repairs to common elements
executed contract
Give this one a try later!
one in which both parties have fulfilled their promises and thus performed
the contract
