Financing Statement

In real estate and commercial transactions, a Financing Statement is a document filed to give public notice that a secured party has a security interest in specified collateral. The filing helps establish the priority of the secured party’s claim and protects their...

Fiduciary Duty

In real estate, Fiduciary Duty refers to the legal obligation of an agent to act in the highest good faith on behalf of their principal. This duty requires the agent to place the principal’s interests above their own and to avoid gaining any advantage through...

Fiduciary

In real estate, a Fiduciary is a person who acts in a position of trust and confidence on behalf of another. This relationship commonly exists between a real estate broker or agent and their principal, such as a buyer or seller, and requires the fiduciary to place the...

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 almost the most complete form of ownership in real property, second only to Fee Simple Absolute. Fee simple absolute gives the owner unrestricted rights to use, occupy, sell, lease, or otherwise dispose of the property,...