by Myers Jackson | Dec 31, 2024 | Auction News
Recorder The public official who keeps records of transactions that affect real property in the area. Sometimes known as a “Registrar of Deeds” or “County Clerk.” Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real...
by Myers Jackson | Dec 31, 2024 | Auction News
Real Property Land and anything permanently affixed thereto — including buildings, fences, trees, and minerals. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For all active...
by Myers Jackson | Dec 31, 2024 | Auction News
Real Estate Settlement Procedures Act (RESPA) A federal law that requires lenders to provide home mortgage borrowers with information about transaction-related costs prior to settlement, as well as information during the life of the loan regarding servicing and escrow...
by Myers Jackson | Dec 31, 2024 | Auction News
Real Estate Professional An individual who provides services in buying and selling homes. The real estate professional is paid a percentage of the home sale price by the seller. Unless you’ve specifically contracted with a buyer’s agent, the real estate professional...
by Myers Jackson | Dec 31, 2024 | Auction News
Ratified Sales Contract A contract that shows both you and the seller of the house have agreed to your offer. This offer may include sales contingencies, such as obtaining a mortgage of a certain type and rate, getting an acceptable inspection, making repairs, closing...
