A small rental dwelling unit which combines living and bedroom spaces into one room (and, sometimes, kitchen space as well). Also known as "efficiency suite" or "studio apartment". …
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A comparison of a borrower's monthly expenses to her gross monthly income used to assess her ability to carry a mortgage or other loan. …
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A letter that a title insurance company gives to an attorney who then examines the title for insurance purposes. …
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Notice by a Title Insurance Company to a person searching and certifying title that a previous search has been completed, setting out the status of title of the property as at a given date such that the person searching need only up-date the search. …
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A lender calculation that compares a borrower's total debt (principal, interest, property taxes, and insurance, plus other monthly debt payments) to gross monthly income. …
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Arrangements that an owner makes to oversee the sale of one property and the purchase of another at the same time. …
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A rigid board used beneath tile. …
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Soil used to solidify the foundation of a structure. …
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The area behind and above a countertop, typically covered to prevent water from splashing onto the wallboard. …
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An Agreement of Purchase and Sale for a particular property which is conditional (becomes binding) upon the failure of another Agreement for the same property. …
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