JOINT TENANTS – David Reecher Two or more persons who hold title to real estate jointly, with equal rights to share in its enjoyment during their respective lives with the provision that upon the de...Read More
HAZARD INSURANCE – David Reecher Real estate insurance protecting against fire, some natural causes, vandalism, etc., depending upon the policy. The buyer often adds liability insurance and extended...Read More
GENERAL WARRANTY – David Reecher A warranty provision in a deed or mortgage or other real estate instrument containing all of the common law items of warranty. Also known as a full warranty....Read More
FORECLOSURE – David Reecher A legal proceeding for the collection of real estate mortgages and other types of liens on real estate, which results in cutting off the right to redeem the mortgaged pro...Read More
FEE SIMPLE – David Reecher The highest degree of ownership that a person can have in real estate. An interest in real estate that gives the owner unqualified ownership and full power of disposition....Read More
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