Per Stirpes

Per Stirpes – David Reecher A legal method of distributing an estate to include the descendants of a deceased legatee, whose share is apportioned among linear descendants.... Read More

Opinion of Title

Opinion of Title – David Reecher A certification, usually from an attorney, as to the validity of title to property being sold, after examining the abstract of title. The opinion of title is essenti... Read More

Pyramid Zoning

Pyramid Zoning – David Reecher Form of zoning regulation permitting all the uses permitted in more restrictive zoning to also apply to less restrictive zoning. The net effect of pyramid zoning i... Read More

Underwriting

Underwriting – David Reecher In mortgage lending, underwriting is the decision-making process used to determine whether the loan risk is acceptable to the lender.  Underwriting involves the... Read More

Insider Rights

Insider Rights – David Reecher Special rights offered to tenants occupying apartments in a building in the process of converting to a co-op or condo, giving them the exclusive right to buy their... Read More