Month: November 2019
Certificate of Title
Certificate of Title – David Reecher A statement verifying who has the rights and responsibilities of ownership in a property. This may be ascertained by a public record search but do... Read More Broker (i.e. real estate broker)
Broker (i.e. real estate broker) – David Reecher A person duly licensed under the laws of their state to act as an agent for another, and negotiate the purchase, sale and lease of real prop... Read More Bridge Loan, also called a swing loan
Bridge Loan, also called a swing loan – David Reecher A short term loan used to transition in between the paying off of an old loan, and the inception of permanent financing. This... Read More Covenant – as in Covenants, Conditions and Restrictions, or Restrictive Covenants
Covenant – as in Covenants, Conditions and Restrictions, or Restrictive Covenants – David Reecher A clause in a written document, such as a mortgage or a deed, that the ow... Read More Counteroffer
Counteroffer -David Reecher If the receiver of an offer makes any changes to the original offer, it is considered a rejection of the initial offer and becomes a counteroffer.... Read More 