5 Simple Statements About Hattiesburg Real Estate Glossary Explained

Realty Executives, The Executive Team, Inc.
118 Lamar Blvd #10, Hattiesburg, MS 39402, USA
8J94+FJ Hattiesburg, Mississippi, USA
+1 601-268-1600

Monthly rent payments are still remaining auto drafted from my account just after I turned in my condominium keys and thirty day discover.

These Attributes are owned by a bank or possibly a lender who took ownership by foreclosure proceedings. They may soon be shown available for purchase. These Homes will not be uncovered on a a number of listing assistance (MLS).

RETALIATORY EVICTION - An act whereby a landlord evicts the tenant in response to some criticism produced by the tenant.

We regard your time and efforts and present automatic underwriting along with other mortgage technologies to provide you with the swiftest personal loan closings possible.

three. Who'll do the appraisal And just how will it be assigned? Academy employs experienced, regional appraisers whom we assign on the rotational basis.

DEFAULT - Failure to fulfill a duty or guarantee or failure to execute any obligation or demanded act. The most common incidence of default about the Element of a purchaser or lessee is non-payment of money.

ACCELERATION CLAUSE - A clause in a more helpful hints promissory Observe, settlement of sale, or mortgage which supplies the lender the ideal to contact all sums thanks and payable upfront of your set payment date on the incidence of a specified celebration, like a sale, default, assignment or additional encumbrance from the property.

CLOUD ON TITLE - Any doc, assert, unreleased lien or encumbrance which many impair or injure the title to residence or make the title doubtful thanks to its clear or feasible validity.

Location Mortgage - A personal loan on a particular assets, normally a condominium unit, by a lender who's got not previously sites financed that exact condominium making.

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ACCRUED - That which has accumulated above a period of time like accrued depreciation, accrued interest or accrued charges.

Proper OF SURVIVORSHIP - The exclusive characteristic of a joint tenancy (also tenancy by entirety) by which the surviving joint tenant(s) succeeds to all suitable, title and interest on the deceased joint tenant with no have to have for find out probate proceedings.

ASSUMPTION OF MORTGAGE - The act of attaining title to property which has an existing mortgage on it and agreeing for being personally liable for the conditions and terms on the mortgage, together with payments.

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