The condition in which buyers can occupy the property before the sale is completed. …
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E
Early Occupancy
Earnest Money
Money a buyer gives with an offer to purchase a property. Also called a deposit. …
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Earthquake Insurance
A policy that provides coverage against damage to a home from an earthquake. …
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Easement
A right given to a third party to use a portion of the property for certain purposes, such as power lines or water mains. …
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Eaves
The projecting overhang at the lower edge of a roof. …
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Effective Age
The age of a structure estimated by its condition rather than its actual age. …
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Effective Gross Income
Additional income that a lender considers when assessing the loan application of a potential borrower. …
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Efflorescence
White, powdery substance on concrete, stucco, or other masonry caused by water-soluble salts leaching to the surface. …
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Electric Service Panel
A panel that transfers power from the utility line into a house to be distributed through fuses or circuit breakers. …
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Electronic Transfer
The process of having a mortgage payment automatically deducted from a borrower's checking or savings account. Many lenders offer this service. …
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