|
| Mortgage Intrest Rate |
|
Menu
|
Free Classifieds and Advertising for Individuals and Businesses at www.KeepSane.com
BILATERAL CONTRACT A contract in which each party promises to perform an act in exchange for the other party's promise to perform. EXTENDER CLAUSE A "carry over" clause (referred to as a safety clause) contained in a listing which provides that a broker is still entitled to a commission for a set of period of time after the listing has expired if the property is sold to a former prospect of the broker. CASHIER'S CHECK (OR BANK CHECK) A check whose payment is guaranteed because it was paid for in advance and is drawn on the bank's account instead of the customer's. MINERAL RIGHTS Rights to subsurface land and profits. Normally, when real property is conveyed, the grantee receives all right and title to the land including everything above and below the surface, unless excepted by the grantor. POWER OF SALE A clause written into a mortgage authorizing the mortgagee to sell the property in the event of default. BUFFER ZONE A strip of land separating one parcel from another. |
Copyright © 2004-2005 | www.WeWillBuyYourHouseFast.com | Privacy Policy |