Home Equity Loan Well Fargo Home
Home Equity Loan Well Fargo Home
Home Equity Loan Well Fargo Home

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Real Estate Terms of the Day for Home Equity Loan Well Fargo Home



MULTIPLE LISTING SERVICE (MLS)
An organization created by Realtors to facilitate the sharing of listings among member brokers.

DOWER
The legal right or interest a wife acquires in property her husband held or acquired anytime during marriage.

ASSUMPTION
A method of selling real estate where the buyer of the property agrees to become responsible for the repayment of an existing loan on the property.

LOSS PAYEE
The person designated on an insurance policy to be paid in case the insured property is damaged or destroyed.

LIMITED COMMON ELEMENTS
That special class of common elements in a condominium reserved for the use of a certain apartment(s) to the exclusion of other apartments.

ACKNOWLEDGEMENT
A formal declaration made before a duly authorized officer, usually a Notary Public, by a person who has signed a document.

PREPAYMENT PENALTY
Fee charged by a lender for a loan paid off in advance of the contractual due date.

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