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Home Owners Loan Corporation
Home Owners' Loan Corporation (HOLC), former U.S. government agency established in 1933 to help stabilize real estate that had depreciated during the depression and to refinance the urban mortgage debt. It granted long-term mortgage loans to some 1 million homeowners facing loss of their property.... Read more |
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Alienable
ALIENABLE The character of property that makes it capable of sale or transfer. Absent a restriction in the owner's right, interests in real property and tangible personal property are generally freely and fully alienable by their nature. Likewise, many types of intangible personal property, such... Read more |
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Listing
LISTING An agreement that represents the right of a real estate agent or broker to handle the sale of real property and to receive a fee or commission for services. There are various types of real estate listings. A general or open listing is a right to sell that may be given to more than one... Read more |
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Tenancy
TENANCY A situation that arises when one individual conveys real property to another individual by way of a lease. The relation of an individual to the land he or she holds that designates the extent of that person's estate in real property. A tenancy is the occupancy or possession of land or... Read more |
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Homestead
47. Homestead Limitations Homestead laws are designed to protect small individual property owners, such as homeowners, from the ever-changing economic climate of the United States. Often when the economy changes, small property owners are unable to meet the demands of their creditors.... Read more |
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Adverse possession
ADVERSE POSSESSION A method of gaining legal title to real property by the actual, open, hostile, and continuous possession of it to the exclusion of its true owner for the period prescribed by state law. personal property may also be acquired by adverse possession. Adverse possession is similar... Read more |
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heir
heir person designated by law to succeed to the ownership of property of another if that owner does not make a contrary disposition of it by will . A person who takes property left to him by will is not an heir but a legatee. The property that the heir receives is his inheritance. Originally the... Read more |
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Restrictive Covenant
RESTRICTIVE COVENANT A provision in a deed limiting the use of the property and prohibiting certain uses. A clause in contracts of partnership and employment prohibiting a contracting party from engaging in similar employment for a specified period of time within a certain geographical area. A... Read more |
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Abut
ABUT To reach; to touch. To touch at the end; be contiguous; join at a border or boundary; terminate on; end at; border on; reach or touch with an end. The term abutting implies a closer proximity than the term adjacent. When referring to real property, abutting means that there is no intervening... Read more |
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Just Compensation
JUST COMPENSATION Equitable remuneration to the owner of private property that is expropriated for public use through condemnation, the implementation of the governmental power of eminent domain. The fifth amendment to the U.S. Constitution proscribes the taking of private property by the... Read more |
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D.C. More Affordable, Study Shows
...and a soft real estate market have...businesses to locate. Composed...business owners and residents...look into ways of expediting...continuing credit crunch will keep...down from around ... |