|
| Austin Buying Home |
|
Menu
|
Free Classifieds and Advertising for Individuals and Businesses at www.KeepSane.com
FNMA See Federal National Mortgage Association. NON-COMPETITION CLAUSE A provision in a contract or lease prohibiting a person from operating or controlling a nearby business which would compete with one of the parties to the contract. HABENDUM CLAUSE That part of the deed beginning with the words "to have and to hold," following the granting clause and reaffirming the extent of ownership that the grantor is transferring. APPLICATION FEE Fee charged by a lender to cover the initial costs of processing a loan application. The fee may include the cost of obtaining a property appraisal, a credit report, and a lock-in fee or other closing costs incurred during the process or the fee may be in addition to these charges. CONTINGENCY A condition which must be satisfied before a contract is legally binding. INTESTATE To die without a valid will. PARTNERSHIP "An association of two or more persons to carry on as co-owners a business for profit," as defined in the Uniform Partnership Act, which is in force in a majority of the states. |
Copyright © 2004-2005 | www.WeWillBuyYourHouseFast.com | Privacy Policy |