The result of estimating the value of a property by comparison to comparable properties. Take the actual sale price of a property comparable to the subject property, then add the value of any extras …
Action To Quiet Title
A legal proceeding begun for the purpose of settling competing claims to property and establishing clear legal title in one party. …
Adjustment Date
Mortgage term usually preceded by the word "Interest" (i.e. "Interest Adjustment Date"). The date soon after the completion of a purchase and mortgage transaction on which the borrower must make a …
Actual Age
As opposed to effective age. The objective age in years of a building measured simply by the passage of time since it was constructed. Effective age is a subjective measurement of the condition of a …
Adjustment Interval
Also known as Adjustment Period. The period of time (i.e. week, month, year) between changes in the interest rate charged on a adjustable-rate mortgage. …
Actual Authority
With reference to an agent or representative. The limits of the power the agent or representative has to bind her principal to an agreement or to a statement. …