131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023
The Close
DECEMBER 29, 2022
This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. One example is someone using a private road to access their own land. This is the government’s right to use private land for a specific, public purpose after compensating the owner. Deed in lieu of foreclosure. Encroachment.
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