- Industry: Real estate
- Number of terms: 9847
- Number of blossaries: 0
- Company Profile:
Century 21 Real Estate LLC is a real estate agent franchise company founded in 1971. The Century 21 System consists of over 7,800 independently owned and operated offices. Century 21 has offices in all 50 states and in more than 67 countries and territories.
The document used in some states instead of a mortgage; title is conveyed to a trustee.
Industry:Real estate
A comprehensive contract of indemnity under which the title company agrees to reimburse the insured for any loss if title is not as represented in the policy.
Industry:Real estate
A document given by a borrower to a lender, transferring title of the property. Often used to avoid credit-damaging foreclosure procedures.
Industry:Real estate
An examination of the public records to determine what, if any, defects there are in the chain of title.
Industry:Real estate
Failure to meet legal obligations in a contract, specifically, failure to make the monthly payments on a mortgage.
Industry:Real estate
Any means by which the ownership of the real estate changes hands.
Industry:Real estate
Failure to make mortgage or rent payments when the mortgage or rent payments are due.
Industry:Real estate
Sometimes called "earnest money", this is money offered by a prospective homebuyer to indicate his or her good faith in entering into a sales contract.
Industry:Real estate
The loss of value due to any cause (including physical, functional, and economic), a condition that adversely affects the value of an improvement.
Industry:Real estate
