Purchase Money Mortgage

In real estate finance, a purchase money mortgage is a security instrument given by a buyer to a seller to secure payment of all or part of the property’s purchase price. Instead of obtaining financing from a third party lender, the buyer borrows directly from the...

Purchase Agreement

In real estate transactions, a purchase agreement is a contract between a buyer and a seller for the sale of real property. It sets forth the agreed upon price and the essential terms and conditions of the transaction. The purchase agreement typically includes...

Puffing

In real estate practice, puffing refers to statements of opinion or exaggeration that are intended to promote or enhance the perceived value of a property. These statements are not presented as representations of fact. Puffing is generally considered permissible...

Public Records

In real estate law, public records are official records maintained by government agencies that provide information relating to land and property interests. By law, these records impart constructive notice of matters affecting title or use of real property. Public...

Public Housing

In real estate and housing policy, public housing refers to residential developments that are owned, operated, or subsidized by government entities. These projects are typically intended to provide safe and affordable housing for low income individuals and families....

Prospectus

In real estate and investment practice, a prospectus is a written brochure or document prepared to provide prospective investors with detailed information about an investment offering. It outlines the essential facts needed to evaluate the opportunity. A prospectus...