by Ethan Atkinson | Jun 24, 2026 | P-T, PropertyPedia
A silent second loan is a second mortgage or subordinate loan that is not disclosed to a lender when disclosure is required. In its illegal form, a silent second loan occurs when a homebuyer obtains additional financing for a down payment or closing costs and...
by Ethan Atkinson | Jun 17, 2026 | A-E, PropertyPedia
An egress window is a window designed to provide a safe emergency exit from a room and a means of entry for emergency responders. Building codes commonly require egress windows in bedrooms and habitable basement spaces to ensure occupants can escape in the event of a...
by Ethan Atkinson | Jun 17, 2026 | K-O, PropertyPedia
Mello-Roos is a special tax assessment levied on property owners within designated community facilities districts (CFDs) in California. Established under the Mello-Roos Community Facilities Act of 1982, the tax was created to help local governments finance public...
by Ethan Atkinson | Jun 17, 2026 | F-J, PropertyPedia
Interim occupancy is a period during which a purchaser is permitted to occupy a property before legal title is formally transferred. Most commonly associated with newly constructed condominiums, interim occupancy begins when the unit is ready for possession but the...
by Ethan Atkinson | Jun 17, 2026 | A-E, PropertyPedia
A bumpable buyer is a prospective purchaser whose offer on a property is accepted subject to the removal of certain contingencies, most commonly a home-sale contingency. Under a bump clause, the seller retains the right to continue marketing the property and accepting...
