by Ethan Atkinson | Jan 21, 2026 | A-E, PropertyPedia, Real Estate
In real estate transactions, closing costs are the various expenses incurred by the buyer and seller that are necessary to complete the sale of property, in addition to the purchase price. These costs may include loan origination and discount fees, title search and...
by Ethan Atkinson | Jan 21, 2026 | A-E, PropertyPedia, Real Estate
In real estate transactions, closing is the formal process by which all parties finalize the sale or transfer of property and complete their contractual obligations. During closing, required documents (such as the deed, loan instruments, and settlement statements) are...
by Ethan Atkinson | Jan 21, 2026 | A-E, PropertyPedia, Real Estate
In real estate law, chattel real refers to a personal property interest that is closely connected to real property, most commonly a leasehold estate. Although it involves the use and possession of land or buildings, a chattel real is classified as personal property...
by Ethan Atkinson | Jan 21, 2026 | A-E, PropertyPedia, Real Estate
In real estate and finance, a chattel mortgage is a type of loan arrangement in which personal property is pledged as collateral to secure or guarantee a promissory note. Under this agreement, the borrower retains possession and use of the chattel—such as equipment,...
by Ethan Atkinson | Jan 21, 2026 | A-E, PropertyPedia, Real Estate
In real estate law, chattel refers to personal property, meaning items that are movable and not permanently attached to or considered part of real property. Chattel includes goods of every kind that are distinct from land and buildings, such as furniture, vehicles,...
