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19 Cards in this Set

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Accretion
Accession. Build-up of soil on property bordering water. Also, Alluvium
Avulsion
Washing or tearing away of land by water. Erosion
Abrogation
Rescinding or annulling a contract
A tenant can abandon a lease under certain circumstances.
Constructive eviction
Who pays points on a Cal-Vet Loan?
No one.
Accretion
Accession. Build-up of soil on property bordering water. Also
Avulsion
Washing or tearing away of land by water. Erosion
Abrogation
Rescinding or annulling a contract
A tenant can abandon a lease under certain circumstances
Constructive eviction
Who pays points on a Cal-Vet Loan?
No one.
Square Feet / Section
640 sq ft per Acre times 36 acers per section equals 23040 sq feet per section
Square Feet per Township
43560 sq ft per Acre times 640 Acres per Section times 36 Sections per Township = 1
Borrower on a trust Deed
Trustor -- “or” = owner
Interest =
PxRxT; Principal times Rate times Time equals Interest
Who pays the 1% FHA loan fee?
Seller usually
No down payment is associated with what type of loan?
VA
Protects creditors of a person who sells a business.
Bulk Transfer Act
Sets requirements for regulating security transactions in personal property.
Uniform Commercial Code (UCC)
Name four types of leases.
Estate for years - definite duration; Estate from period to period - most common; Estate at Will - no written agreement; Estate at Sufferance - when tenant occupies without permission