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Pearson Vue Real Estate Glossary, With Correct Answers
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Pearson Vue Real Estate Glossary, With Correct Answers Abandonment Voluntarily giving up possession property or claim right Abatement A legal action to stop a nuisance. Also can be a reduction of a property tax assesment Abstract A history of every recorder document dealing with a property - used to determine marketable title abstractive method A means of obtaining land valu by deduction the value of the property from the total property value Abstract of Judgement A condensation of a court judgement. When recorded the judgement becomes a general lein on the property acceleration clause a provision in a note making all payments due on the happening of a certain event ( such as missing a payment or selling the property)
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