YNUR

What is YNUR in a real estate listing description? Is it a cool new acronym that everyone’s talking about? Well… sort of, depending on what “cool” means to you. YNUR is an RMLS field designation indicating that a condominium-related feature or...

Vampire Property

A vampire property is a residential property that has gone through foreclosure or has been abandoned by its owner, but is still occupied by former owners, tenants, or other individuals who remain in the home. This puts the property in a sort of “undead”...

Wholesaling in North Dakota

New Wholesaler Laws in North Dakota Beginning August 1, 2025, North Dakota expanded its real estate wholesaling law to apply to all real property, rather than only residential real property. Under the revised law, a wholesaler is a person who enters into an agreement...

Wild Deed

Wild Deed is a deed that has been recorded but cannot be connected to the property’s chain of title. This usually occurs when a deed is recorded before the grantor’s own deed has been recorded, or when a prior conveyance was never recorded at all. Because...

Usufruct

Usufruct is a legal right that allows a person to use, possess, and derive benefits from property owned by another person, provided that the property’s essential character is preserved. Originating in Roman law, the concept separates the right of ownership from...

Zombie Title

One of the defining characteristics of a zombie title (or zombie foreclosure) is that the owner of the foreclosed home does not realize that they still own the property. Basically, the borrower whose property was foreclosed on assumes that the bank now owns their...