Here are 5 real estate words to increase your vocabulary.
A C.L.U.E report is a comprehensive Loss Underwriting Exchange. It is a file that is compiled on you by the insurance industry.
Commingling is to mix funds held in trust with other funds. Example a builder or broker hold funds in trust ( should be deposited into trust account) instead the money is deposited in to a general account.
3- Slant Drilling
Slant drilling is a method of drilling fo oil or gas in an ajoining property when property rights have not been granted.
GNMA (Ginnie Mae) Goverment National Mortgage Assoication. A federal association working with F.H.A. , which offers special assistance in obtaining mortgages and purchase mortgages.
5- Abstract of Titile
Abstract of title is a compilation of the recorded documents relating to a parcel of land, from which an attorney may give an opionion as to the condition of the title.
Are you buying, selling or renting? I'm here to help you with all of your real estate needs. Serving all of Northern Virginia for more than 30 years.