LATEST STORIES

Littoral

In real estate and property law, Littoral refers to land that borders a lake, sea, or ocean. It describes property located along the shoreline of large bodies of water. Littoral rights are the rights of landowners whose property abuts these waters and may include...

Interest-Extra Note

In real estate finance, an Interest-Extra Note is a promissory note that requires the borrower to...

Interest

In real estate finance, Interest is the charge paid for the use of borrowed money, known as the...

Latent Defect

In real estate, a Latent Defect is a hidden or concealed defect in a property that is not discoverable through a reasonable inspection. These defects are not apparent upon ordinary observation and may exist within structural components, systems, or materials. Latent...

Lateral Support

In real estate law, Lateral Support refers to the natural support that one parcel of land provides to neighboring land in its natural state. Each landowner has a legal right to have their land supported by the adjoining soil. If an owner excavates or alters their land...

Land Use Planning

In real estate and public policy, Land Use Planning is the process of developing long term plans to guide how land is used and developed within a specific area. These plans are designed to balance growth, environmental protection, infrastructure needs, and community...

Late Charge

In real estate finance, a Late Charge is a fee imposed by a lender when a borrower fails to make a scheduled loan payment by its due date. The charge is intended to compensate the lender for the additional administrative costs and inconvenience caused by the late...

Land

In real estate law, Land refers to the physical material of the earth, regardless of its composition, including soil, rock, or other substances. It also includes the airspace above the surface and the subsurface below, extending upward and downward for an indefinite...

Landlord

In real estate, a Landlord is the owner of real property that is leased to another party. The landlord grants the right of possession and use of the property to a tenant in exchange for rent. The landlord is also known as the lessor under a lease agreement and is...

Land Sale Contract

In real estate, a Land Sale Contract is an installment agreement in which the buyer agrees to purchase property by making periodic payments to the seller over time. The seller, also known as the vendor, retains legal title to the property until the purchase price is...

Laches

In real estate and legal contexts, Laches is a doctrine that bars a person from asserting a legal right due to an unreasonable delay in doing so. The delay must be such that it results in prejudice or disadvantage to another party. Laches is based on the principle...

Junior Mortgage

In real estate finance, a Junior Mortgage is a mortgage that has a lower priority than a first mortgage on the same property. Because priority is usually determined by the order of recording, a junior mortgage is recorded after the first mortgage. In the event of...

Judgment Lien

In real estate law, a Judgment Lien is an involuntary lien placed against the property of a debtor as a result of a court judgment. When a creditor obtains a money judgment, the lien may attach to the debtor’s real property to secure payment of the debt. A judgment...

HUD

HOUSING & URBAN DEVELOPMENT

HUD

(Department of Housing and Urban Development)

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