REAL ESTATE TEXOMA, TEXOMA REAL ESTATE TLF PROPERTIES

REAL ESTATE TERMS

Abstract of title

A condensed history or summary of all transactions affecting a particular parcel of real estate, including the original grant, all conveyances and encumbrances affecting the property, and the abstractor's certification of the history's accuracy

Acceleration clause

A clause in a mortgage that gives the lender the right to require payment of the entire principal balance if the borrower defaults on an installment payment or other covenant

Acceptance

An offeree's consent to enter into, and be bound by the terms of, a contract

Have you asked yourself what do some of those real estate terms really mean? Here are a few examples of Terms that are used in Real Estate on a regular basis. Take a few minutes to read them and then send us a question or two. We are here to help you with all of your Texoma Real Estate needs.

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