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...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, a Devisor is a person who transfers or disposes of real property through a valid will. The devisor is the property owner who makes the will and specifies how their real estate is to be distributed upon their death. The devisor retains full ownership...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, a Devisee is the person or entity that receives title to real property through a valid will. The devisee is named by the deceased property owner (the testator) and becomes entitled to the property upon the testator’s death, subject to the probate...
