Conveyance
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A written instrument that evidences transfer of some interest in real
property from one person to another.
Default
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The nonperformance of a duty, whether arising under a contract or
otherwise; failure to meet an obligation when due.
,Community Reinvestment Act
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A part of the Housing and Community Development passed in 1977. The
purpose of the act is to prevent the practice of redlining and disinvestment
by lenders in certain areas of a city.
Casualty Insurance
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A type of insurance policy that protects a property owner or other person
from loss or injury sustained as a result of theft, vadalism, or similar
occurrences.
Blanket Mortgage
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A mortgage covering more than one parcel of real estate, providing fo
reach parcel's partial release from the mortgage lien upon repayment of a
definite portion of the debt.
Commingled Property
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, That property of married couple that is so mixed or commingled that it is
difficult to determine whether it is separate or community property.
Commingled property becomes community property.
Certificate of Sale
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The document generally given to a purchaser at a tax foreclosure sale. A
certificate of sale does not convey title; generally, it is an instrument
certifying that the holder received title to the property after the
redemption period had passed and that the holder paid the property taxes
for that interim period.
Bill of Sale
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A written insturment given to pass title to personal property.
Assignment
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The transfer in writing of rights or interest in a bond, mortgage, lease, or
other instrument.
, Abrogation
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Tenants cannot sign away their rights in advance of signing the lease.
Cession Deed
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The type of deed used when land is donated to the government.
Caveat emptor
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A Latin phrase meaning "let the buyer beware"
Curtesy
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A life estate, usually a fractional interest, given by some states to the
surviving husband in real estate owned by his deceased wife. Many states
have abolished curtesy.
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A written instrument that evidences transfer of some interest in real
property from one person to another.
Default
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The nonperformance of a duty, whether arising under a contract or
otherwise; failure to meet an obligation when due.
,Community Reinvestment Act
Give this one a try later!
A part of the Housing and Community Development passed in 1977. The
purpose of the act is to prevent the practice of redlining and disinvestment
by lenders in certain areas of a city.
Casualty Insurance
Give this one a try later!
A type of insurance policy that protects a property owner or other person
from loss or injury sustained as a result of theft, vadalism, or similar
occurrences.
Blanket Mortgage
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A mortgage covering more than one parcel of real estate, providing fo
reach parcel's partial release from the mortgage lien upon repayment of a
definite portion of the debt.
Commingled Property
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, That property of married couple that is so mixed or commingled that it is
difficult to determine whether it is separate or community property.
Commingled property becomes community property.
Certificate of Sale
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The document generally given to a purchaser at a tax foreclosure sale. A
certificate of sale does not convey title; generally, it is an instrument
certifying that the holder received title to the property after the
redemption period had passed and that the holder paid the property taxes
for that interim period.
Bill of Sale
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A written insturment given to pass title to personal property.
Assignment
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The transfer in writing of rights or interest in a bond, mortgage, lease, or
other instrument.
, Abrogation
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Tenants cannot sign away their rights in advance of signing the lease.
Cession Deed
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The type of deed used when land is donated to the government.
Caveat emptor
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A Latin phrase meaning "let the buyer beware"
Curtesy
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A life estate, usually a fractional interest, given by some states to the
surviving husband in real estate owned by his deceased wife. Many states
have abolished curtesy.
