Consideration is a fundamental element of a legally enforceable real estate contract and refers to something of value exchanged between the parties involved in the agreement. In most real estate transactions, consideration takes the form of money, services, promises,...

An easement appurtenant is a legal right attached to a parcel of real property that allows the owner of one property to use or benefit from a neighboring property for a specific purpose. The property benefiting from the easement is known as the dominant estate, while...

An acceleration clause is a provision commonly found in mortgage agreements and promissory notes that gives the lender the right to demand immediate repayment of the entire remaining loan balance if the borrower violates certain terms of the loan. The clause is most...

Equitable title is the legal concept describing a buyer’s beneficial interest in real property after entering into a valid and enforceable purchase agreement, but before the formal transfer of legal title through delivery and recording of the deed. Under the doctrine...

Equitable redemption is a borrower’s legal right to prevent a foreclosure sale by paying the full amount owed on a mortgage loan, including principal, interest, fees, and allowable foreclosure costs, before the foreclosure sale is completed. This right arises from...