FHA Escape Clause

In real estate transactions, an F.H.A. Escape Clause is a provision in a purchase agreement that protects a buyer using FHA financing if the property does not appraise for at least the agreed upon purchase price. The clause allows the buyer to cancel the contract...

FHA

In real estate finance, F.H.A. refers to the Federal Housing Administration, a federal agency that insures mortgage loans made by approved private lenders. The FHA helps reduce lender risk by providing insurance in the event of borrower default. FHA insured loans are...

Fee Simple Estate

In real estate law, a Fee Simple Estate is the most complete form of ownership in real property. It gives the owner unrestricted rights to use, occupy, sell, lease, or otherwise dispose of the property, subject only to governmental powers such as taxation, zoning, and...

Fee Simple Defeasible

In real estate law, a Fee Simple Defeasible is an ownership interest in property that is subject to a specified condition or event. Although the owner holds a fee estate with many of the rights of fee simple ownership, the estate may be terminated if the stated...

Fee

In real estate law, a Fee refers to an estate of inheritance in real property. It represents an ownership interest that may be passed on to the owner’s heirs upon death. The most common form of a fee estate is fee simple, which provides the broadest ownership rights,...