| Glossary of Mortgage Terms |
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| The purchase of a home can be overwhelming. So too, can the prospect of securing financing. Some terms in frequent use with regard to mortgages are as follows:More... |
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| Home Inspection |
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| Often when a home buyer enters into an agreement of sale for the purchase of a home, the agreement contains a provision which entitles to home buyer to a home inspection. The home buyer's right to a home inspection is determined by the terms of the parties' agreement of sale.More... |
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| Residential Real Estate Sales -- The Final Walk-Through |
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| In connection with a residential real estate sale, it is not uncommon for a buyer to "walk through" the house one or more times before the closing takes place.
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| Rights of a Possessor |
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| At common law, possessors of property who sought to recover possession from a subsequent possessor could bring a suit that alleged a trespass to land or a trespass to chattels. Another form of relief was a suit that alleged conversion. Adherence to the pleading technicalities was critical, but in each case, the possessor had to allege that he or she was the prior possessor. Remedies in these common law actions included the recovery of the items allegedly taken or the ejectment of persons from the possessor's land.More... |
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| Life Estates |
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| Generally, when a grantor transfers land to a grantee, the grantee receives the entire right and title to the property, without limitations. Sometimes, however, the grantor chooses to limit the grantee's right to the use and enjoyment of the land by creating a life estate. A life estate is an estate in land that ends when a named person dies. It is used primarily for estate planning as a device to allow successive ownership of the land.
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