Contributor | Propertylogy - Part 30

All posts by Contributor

  • Underimprovement

    Underimprovement refers to a site that does not have improvements that make the most of it’s best use for a property.

    This is...

    • Posted January 29, 2019
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  • Negotiable Instrument

    A negotiable instrument refers to any document that is a promise of payment to the bearer or to order.

    This means that such a written instrument...

    • Posted January 28, 2019
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  • Bundle Of Rights

    The bundle of rights theory is a concept where all the legal rights that come with real estate ownership is packaged together.

    Some of the rights...

    • Posted January 26, 2019
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  • Adverse Possession

    Adverse possession is a legal method of acquiring ownership to property when the actual owner knowingly fails to assert his right and enforce the law...

    • Posted January 25, 2019
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  • Open And Notorious

    An open and notorious possession of property describes an occupant of property making it very clear for a reasonable person to know that he is...

    • Posted January 24, 2019
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  • Antideficiency Protection

    Antideficiency laws mean that borrowers who owe more than what they property is worth will not be subject to deficiency actions by creditors.

    For example, if...

    • Posted January 23, 2019
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  • Nominal Consideration

    Nominal consideration refers to a consideration amount that is significantly less than the market value of the asset which changes hands in...

    • Posted January 22, 2019
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  • Muniment Of Title

    The term muniment of title refers to legal documentation that serves as an evidence of title ownership, which implies proof of property...

    • Posted January 20, 2019
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  • Closing Statement

    A closing statement is a document containing list of itemized funds that changed hands when a real estate or mortgage transaction is closed.

    For the purpose...

    • Posted January 19, 2019
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  • Salvage Value

    The salvage value of an asset is it’s estimated value at the end of it’s useful life.

    In the real estate industry, salvage value usually (if...

    • Posted January 18, 2019
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