A movable plate in a fireplace that allows smoke and fumes to travel up the chimney's flue. …
[Read more...]

The period of time a property is listed for sale prior to being sold or taken off the market. …
[Read more...]

A lock that requires a key to open from the outside and a turn button from the inside. …
[Read more...]

Any amount one person owes to another. …
[Read more...]

The formal transfer of debt from one party to another, backed by a contract of assumption signed by both parties. Also known as assignment of debt. …
[Read more...]

A roofless, floored area that adjoins a house. …
[Read more...]

The difference between magnetic north and geographic (true) north. Surveyors used a compass to determine the direction of survey lines. Compasses point to magnetic north, rather than true north. This declination error is measured in degrees, and can range from …
[Read more...]

An amount of money supplied by the seller and held in escrow for the buyer, to be applied toward negotiated decorating changes. …
[Read more...]

The legal document that transfers ownership of a piece of property. …
[Read more...]

A document that gives a lender the right to foreclose on a piece of property if the borrower defaults on the loan. …
[Read more...]