The total assets of a person, including real property, at the time of death. …
Estimated Closing Costs
An estimate of expenses incidental to the sale of real estate, including loan, title, and appraisal fees. These costs are in addition to the price of the property, and are prepaid at closing. Some are …
Estimated Hazard Insurance
An estimate of hazard insurance, also known as homeowner's insurance or fire insurance, to cover physical risks such as fire and wind damage. Lenders usually require coverage at least equal to the …
Estimated Property Taxes
An estimate of property taxes to be paid semiannually, or monthly if the lender requires. The amount is based on local tax rates and assessed property value, which is based on the most recent sale …
Estimated Taxes And Insurance
A calculation of monthly estimated taxes and insurance, used by a lender to evaluate a borrower's effective monthly housing expense. …
Estoppel
Agency situation in which one party incorrectly states that another person is the agent, and a third person relies on that representation. …