by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate law, Lien Theory is the legal concept followed in many states under which a mortgage is considered a lien against the property rather than a transfer of title. Under this theory, the borrower, known as the mortgagor, retains legal title and possession...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate law, a Lien is a legal claim or encumbrance against property to secure the payment of a debt or obligation. Liens may be voluntary, such as a mortgage, or involuntary, such as a tax lien or judgment lien. A lien affects the title to property by limiting...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate and legal contexts, a Levy is the legal seizure of property by a court or governmental authority to satisfy a debt or judgment. It is typically carried out through judicial process following a court order. A levy may involve real property or personal...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate investing, Leverage refers to the use of borrowed funds to acquire property, allowing an investor to control a large asset with a relatively small amount of their own cash. Financing magnifies the purchasing power of the investor. Leverage can increase...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate finance, a Level Payment Mortgage is a loan in which the borrower makes equal periodic payments, usually monthly, over the life of the loan. Each payment includes both principal and interest. As the loan balance declines, the portion of each payment...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate transactions, a Letter of Intent is a written statement expressing a prospective buyer’s, lessee’s, or developer’s interest in a property. It outlines general terms and intentions but is not a binding offer. A letter of intent creates no legal...
