by Ethan Atkinson | Jul 2, 2026 | A-E, PropertyPedia
Ancient Mortgages are old mortgage loans that have remained on the public record long after they were likely paid off or otherwise satisfied, often because no formal release or satisfaction was ever recorded. These mortgages may date back several decades, and in some...
by Ethan Atkinson | Jul 1, 2026 | A-E, PropertyPedia
Chose in Action is a legal term describing a personal property right that cannot be possessed physically but can be enforced through legal action. Instead of representing ownership of a tangible object, a chose in action gives its holder the right to collect a debt,...
by Ethan Atkinson | Jul 1, 2026 | A-E, PropertyPedia
Doctrine of Worthier Title is a common law rule that historically presumed a grantor did not intend to transfer future ownership of real property to the grantor’s own heirs through a deed or will. Instead, if a conveyance attempted to create a future interest in...
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 | 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...
by Ethan Atkinson | Jun 7, 2026 | A-E, PropertyPedia
Dry funding is a method of real estate loan closing in which the borrower signs all required loan documents before the lender releases the loan proceeds. Unlike wet funding, the transaction is not completed immediately upon signing. Instead, the lender reviews the...
