A backup offer is a secondary offer submitted by a potential buyer for a property that is already under contract with another buyer. In the event that the primary offer falls through due to …
Bay Window
A window that projects outward in a curve. …
Backwater Valve
A valve in a sewer line that prevents sewage from flowing back into a house. …
Bearing Wall
A wall that supports its own weight in addition to other parts of a structure. …
Assumable Mortgage
A mortgage that can be transferred to another borrower. …
Assumption Clause
A provision that allows a buyer to take responsibility for the mortgage from a seller. …