by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, a Donee is a person or entity that receives property as a gift, rather than through a sale or exchange for value. The transfer is made voluntarily by the owner, known as the donor, and typically occurs through a deed that conveys title without...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate and legal contexts, Domicile refers to a person’s legal residence, the place where an individual has their permanent home and to which they intend to return, even if they are temporarily living elsewhere. A person may have multiple residences, but only...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, a Documentary Transfer Tax is a tax imposed on the transfer of real property, authorized by state law and administered by counties or local jurisdictions. When a property is sold or otherwise conveyed, the tax is calculated based on the property’s sale...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, a Distress Sale refers to the sale of property by an owner who is under significant financial or personal pressure to sell quickly. This pressure may result from circumstances such as foreclosure, default, bankruptcy, divorce, job loss, or inability to...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate finance, Discount Points are fees paid by the borrower (or sometimes the seller) to the lender at closing in exchange for obtaining a mortgage at a specific interest rate. Each discount point equals one percent of the loan amount, and paying points...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate finance, Discount refers to selling a promissory note before its maturity date for less than its outstanding principal balance. This typically occurs when a note holder wants to receive cash immediately rather than wait for future payments, and the...
