EARNEST MONEY
The deposit money given to the seller by the potential buyer upon signing the agreement of sale to show that the buyer is serious about buying the house. |
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EASEMENT
A right of way giving persons other than the property owner access to or over a property. |
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EMINENT DOMAIN
A Government right to acquire private property for public use by condemnation, and the payment of just compensation. |
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ENCUMBRANCE
Anything that affects the title to a property such as a mortgage, judgment, or easement. |
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ENDORSER
A person who signs ownership interest over to another party. |
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EQUITY
The difference between the current market value of a property and the principal balance of all outstanding loans. |
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ESCROW
An item of value, money, or documents deposited with a third party to be delivered upon the fulfillment of a condition. |
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ESTATE
The ownership interest an individual holds in real property. |
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EVICTION
The lawful expulsion of an occupant from real property. |
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