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SiteMap UofAHousing.com
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Index: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42

» Definition - equity

The difference in dollars between a house's value and the mortgage amount.

» Definition - escalator clause

The clause in a contract permitting adjustments of the payments.

» Definition - escheat

The reversion of property to the state in the event the owner thereof dies without leaving a will (intestate) and has no heirs to whom the property may pass by lawful descent.

» Definition - escrow

A trust arrangement by which none or more parties deposit things of value with an authorized escrow agent in accordance with the terms of a real estate agreement.

» Definition - escrow account

(1) A third party account that holds money safely while a sale is in progress (2) An account used to save monies required for the payment of an eventual debt Often used by lenders to save for property taxes hazard insurance homeowner's dues etc Escrow accounts are typically non-interest bearing for the contributors but may pay interest to the entity holding the account (lenders title companies lawyers etc.).

» Definition - estimate of value

An appraisal; the appraised value.

» Definition - et ux

Abbreviation for et uxor meaning and wife

» Definition - eviction

Removal of a tenant from rental property by a law enforcement officer First the landlord must file and win an eviction lawsuit also known as an unlawful detainer

» Definition - exception

As used in the conveyance of real estate an exception is the exclusion of some part of the property conveyed with title of that excepted part remaining with the grantor For example in most subdivision developments mineral rights are not conveyed to the purchaser of a lot but remain the property of the developer Contrast with Reservation.

» Definition - exclusive agency (EA)

A listing agreement which gives the listing agent the right to sell the property for a specified time The owner reserves the right to sell the property himself without paying a commission to the agent Brokers run the risk of investing their time effort and money in a listing that even if sold through their marketing efforts does not produce a commission Contrast with Exclusive Right to Sell.

real estate, property, location, building, house, home, condo, duplex, triplex, apartment, rental, tenant, landlord, deposit, maglione, maglione rentals, tucson,

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