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Real Estate Tips.

 Bequeath (verb)

To give or hand down a property by will to a person.

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 Maisonette (noun)

A self-contained family dwelling on two floors (levels) having its own internal stairs.

maisonette

 

Life Estate (noun)

The conveyance of title to property for the duration of the life of the grantee. In legal terms, it is an estate in real property that ends at death, when ownership of the property may revert to the original owner or pass to another person.

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Foreclosure (verb)

A procedure whereby a property pledged as collateral for a debt is sold to pay the debt in the event of a default in payment terms.

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 Appraisal (verb)

An estimation of a property’s worth by a valuer or an appraiser who is usually presumed to be an expert in this work.

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2 Comments

  1. Wonderful website you have here but I was curious if you knew of any message boards that cover the same topics discussed in this article? I’d really like to be a part of group where I can get responses from other experienced people that share the same interest. If you have any recommendations, please let me know. Appreciate it!

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