Real Estate

Front 1

ABANDONMENT

Back 1

THE VOLUNATRY SURRENDER OF POSSESSION OF REAL PROPERTY W/O THE VESTING OF THIS INTEREST IN ANY OTHER PERSON

Hint 1

a finder might claim an abandoned piece of furniture by taking it to her house, or putting a sign on it indicating her ownership.

Front 2

ABSTRACT OF TITLE

Back 2

THE CONDENSED HISTORY OF A TITLE TO A PARTICULAR PARCEL OF REAL ESTATE

Hint 2

John Doe wants to buy the house at 123 Main St. As part of the transaction, his title insurance company obtains a copy of the property's abstract of title. They want to make sure that Jane Smith, who is selling 123 Main St., is the legal owner of the property and that there aren't any other claims on the property

Front 3

ACCRETION

Back 3

THE INCREASE OR ADDITION OF LAND BY THE DEPOSIT OF SAND OR SOIL WASHED UP NATURALLY FROM A RIVER LAKE OR SEA

Hint 3

Mother Nature's little gift to a landowner

Front 4

ACCELARATION CLAUSE

Back 4

THE CLAUSE IN A NOTEOR MORTGAGE THAT CAN BE ENFORCED TO MAKE THE FULL DEBT DUT IMMEDIATELY IF MORTGAGOR DEFAULTS

Hint 4

a borrower who fails to make a payment or who breaks a covenant may be required to pay the lender the balance on a loan. In this case, the borrower is considered in breach of contract.

Front 5

ACCRUED ITEMS

Back 5

ON A CLOSING STATEMENT, ITEMS OF EXPENSE THAT HAVE BEEN INCURRED BUT ARE NOT YET PAYABLE, SUCH AS INTEREST ON A MORTAGE LOAN

Front 6

ACKNOWLEDGEMENT

Back 6

FORMAL DECLARATION MADEBEFORE A DUTY AUTHORIZED OFFICER

Front 7

ACRE

Back 7

MEASURE OF LAND EQUAL TO 43,560 SQ FT, 4840 SQ YRD, 4047 SQ METERS OR 160 SQ RODS

Front 8

ACTUAL EVICTION

Back 8

DEFAULTED IS OUSTED FROM RENTER PROPERTY PURSUANT TO A COURT ORDER

Front 9

ADJUSTABLE RATE MORTGAGE

Back 9

a mortgage whose rate of interest is adjusted periodically to reflect market conditions.

Front 10

ADJUSTED BASIS

Back 10

ORIGIANL COST PLUS IMPROVEMENTS MINUS DEPRECIATION

Front 11

ADMINISTRATOR

Back 11

A PERSON APPT BY COURT TO ADMINISTER ESTATE OF DECEASED PERSON WITH NO WILL

Front 12

AD VALOREM TAX

Back 12

A TAX LEVIED ACCORDING TO VALUE (REAL ESTATE TAX)

Hint 12

ALSO CALLED GENERAL TAX

Front 13

ADVERSE POSSESSION

Back 13

THE ACTUAL, VISIBLE, HOSTILE, EXCLUSIVE, AND CONTINUOUS POSSESSION OF ANOTHERS LAND UNDER A CLAIM OF TITLE

Front 14

AGENCY

Back 14

THE RELATIONSHIP WHEREIN AN AGENT IS EMPLOYED BY A PRINCIPLE TO DO CERTAIN ACTS ON THE PRINCIPLES BEHALF

Front 15

AIR RIGHTS

Back 15

THE RIGHT TO USE OPEN SPACE ABOVE A PROPERTY..GENERALLY ALLOWING THE SURFACE TO BE USED FOR ANOTHER PURPOSE

Front 16

ALIENATION

Back 16

THE ACT OF TRANSFERRING PROPERTY RO ANOTHER

Front 17

ALIENATION CLAUSE

Back 17

A clause in a mortgage contract that requires full payment of the balance of a mortgage at the lender's discretion if the property is sold or the title to the property changes to another person

Front 18

AMERICANS WITH DISABILITY ACT (ADA

Back 18

MANDATES CERTAIN ADAPTIONS OF REAL ESTATE TO ACCOMODATE VARIOUS HANDICAPS

Front 19

AMORTIZATION SCHEDULE

Back 19

WRITTEN LISTING OF EACH PAYMENT, BROKEN DOWN INTO INTEREST, PRINCIPLE, AND REMAINING DEBT