Due on Sale Clause

Due on Sale Clause – David A Reecher Language in the mortgage closing agreements that inform the borrower that if they allow their loan to be assumed or transferred in any way, the lender has the ri... Read More

Escrow

Escrow – David A Reecher A neutral third party holds other people’s funds in a secure account for future use. An earnest money deposit is held in a real estate broker’s escrow account.... Read More

Eminent Domain

Eminent Domain – David A Reecher The right of local or state government to purchase private property for public use.  Owners receive compensation based on fair market value and sometimes additi... Read More