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Definition
| A voluntary surrender of rights or the relinquish of all title, possession or claim of property. |
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Term
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| A condensed but full summary of all materials, such as conveyances(deeds), mortgages, liens, easements, encumbrances, marriages, divorces, deaths, wills and so on that effect title to a specific parcel of real estate in any manner. |
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| A clause in a promissory note that advances the due date for payment of the balance of a debt |
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| The taking, receiving or expression of intention of a person to whom a thing is offered or tendered by another person. |
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| to admit, affirm, declare or avow as genuine. A formal declaration before an authorized official, such as a notary public. |
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| to give implied consent by silence to a transaction or to any act |
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| notice expressly and actually given, and brought home to the party directly, as in physical possession. |
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| Latin - "according to valuation" |
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| to make suitable; to conform to. |
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| the state of being adapted, the act or process of conforming |
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Definition
| something added, as an addendum to a contract |
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| a fee collected in advance by a broker for use in promoting the sale of listed property |
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| Acquisition of title to real estate owned by another person by a person who enters into open, adverse, hostile, notorious, exclusive and continuous possession of the property for a statutory period of time |
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Definition
| a voluntary declaration or statement in writing sworn to or affirmed before an officer having authority to administer such oath |
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| a relationship in which one person acts for or represents another by that person's authority. |
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| a person authorized by another person to act for him or her under a contract or relation of agency. |
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| an estate in real property vested by a grant giving the right to build upon, occupy or use, in the manner and degree permitted, all or any of the open space or vertical plan above the property described in the grant. |
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| ownership of real property by private individuals, subject to limitations and restrictions retained by government; the opposite of feudal. |
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| to change or improve by removing defects or faults. |
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| in real property, tangible and intangible features that enhance desirability, contribute to the pleasure and enjoyment of the property -- and in some cases, add value to the property. |
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Term
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Definition
| the gradual, systematic payment of a debt, such as a mortgage and note, by installment payments of the principal and accrued interest at stated periods for a definite time, which, at the expiration of the time, the debt will be liquidated. |
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Definition
| an indebtedness that has been paid off |
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| the act of joining, attaching, or uniting one thing to another, usually personal property to the real property, which becomes a "fixture." |
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| that which belongs to something else but which is not necessarily an actual part of real property, such as an easement, right of way or water rights. |
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Definition
| Unpaid, overdue or past due |
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Term
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Definition
| combining the ownership of two or more parcels of property under single ownership |
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| a transfer to another of rights, such as an assignment of contract or an assignment of lease. |
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Definition
| taking title to property, wherein the grantee expressly assumes personal liability for the unpaid portion of a promissory note. |
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Term
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Definition
| annul, cancel or make void |
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