Home Equity Loan Texas
Home Equity Loan Texas
Home Equity Loan Texas

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Real Estate Terms of the Day for Home Equity Loan Texas



PITI
Abbreviation for Principal, Interest, Taxes and Insurance, the components of a monthly mortgage payment.

LICENSEE
A person who has a valid license. A real estate licensee can be a salesperson or a broker, active or inactive, an individual, a corporation, or a partnership.

HEIR
A person who inherits under a will or a person who succeeds to property by the laws of descent if the decedent dies without a will (intestate).

DEED
A written instrument by which a property owner "grantor" transfers to a "grantee" an ownership in real property.

BONA FIDE
In good faith.

SHELL LEASE
A lease wherein a tenant leases the unfinished shell of a building, as in a new shopping center, and agrees to complete construction himself by installing ceilings, plumbing, heating and air conditioning systems, and electrical wiring.

LATERAL AND SUBJACENT SUPPORT
The support received by a parcel of real property from the land adjoining it is called lateral support. Subjacent support is that support which the surface of the earth receives from its underlying strata.

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