Federal Grant Home Improvement
Federal Grant Home Improvement
Federal Grant Home Improvement

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Real Estate Terms of the Day for Federal Grant Home Improvement



MISREPRESENTATION
A false statement or concealment of a material fact made with the intent to induce some action by another party.

CANTILEVER
A projecting beam or overhanging portion supported at one end only.

ALIENATION CLAUSE
A clause in a promissory note or mortgage which provides that the balance of the secured debt becomes immediately due and payable at the option of the mortgagee upon the alienation of the property by the mortgagor.

ANNUAL PERCENTAGE RATE
The relationship of the total Finance Charge to the total amount to be finance as required under the Federal Truth-in-Lending Law.

ACCRUED INTEREST
Interest earned but not yet paid.

BROKERAGE
That aspect of the real estate business which is concerned with bringing together the parties and completing a real estate transaction. Brokerage involves exchanges, rentals, trade-ins and management of property, as well as sales.

SURVIVORSHIP
The right of survivorship is that special feature of a joint tenancy whereby all title, right and interest of a decedent joint tenant in certain property passes to the surviving joint tenants by operation of law, free from claims of heirs and creditors of the decedent.

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