LATEST STORIES
Title Theory vs. Lien Theory
The more you search for the difference between title theory and lien theory online, the less you'll know. If you search for whether your state is a lien theory or title theory state, you'll find an equal number of articles saying it's lien theory as you'll find saying...
Full-Cash Offer with Zero Cash
Do the words "hard money loan," "dragnet clause," and "private lending" scare you? They should,...
Stop Real Estate Theft
Stealing real estate is so annoying because you can't just physically take it, and you can't hide...
Peppercorn Rent
A peppercorn rent is a nominal or purely symbolic rent charged under a lease, usually when the parties wish to create a legally binding landlord–tenant relationship without requiring any meaningful rental payment. Historically, the term referred to an actual...
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 the...
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...
Noise Easement
A noise easement is a legal agreement that grants permission for noise generated by a nearby activity, facility, or transportation source to affect a property. In real estate, noise easements are most commonly associated with airports, highways, railroads, military...
Dry Funding
Dry funding is a method of real estate loan closing in which the borrower signs all required loan documents before the lender releases the loan proceeds. Unlike wet funding, the transaction is not completed immediately upon signing. Instead, the lender reviews the...
Wet Funding
Wet funding is a method of real estate loan closing in which all loan documents are signed, funds are disbursed, and the transaction is completed on the same day. Under this process, the lender provides the loan proceeds immediately after the borrower executes the...
Unparsed Address
An unparsed address is a real estate data field that contains a property's complete address in a single text string rather than separating its individual components into distinct fields. The unparsed address typically includes elements such as the street number,...
Bathrooms Total Integer
Bathrooms Total Integer is a real estate listing field that identifies the total number of bathrooms within a property, expressed as a whole number. This figure typically represents the sum of all full and half bathrooms rounded or reported according to the listing...
Condominium Conversion
A condominium conversion is the process of legally transforming an existing residential property, typically a rental apartment building, into individually owned condominium units. During a conversion, the property is subdivided into separate ownership interests, with...
Condominium One-Time Capital Improvement Contribution
A Condominium One-Time Capital Improvement Contribution is a nonrecurring fee assessed by a condominium association and paid by a purchaser at the time of a property transfer. The contribution is typically collected during the closing process and deposited into the...
HUD
HOUSING & URBAN DEVELOPMENT
HUD
(Department of Housing and Urban Development)
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