Buying Dallas Home
Buying Dallas Home
Buying Dallas Home

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Real Estate Terms of the Day for Buying Dallas Home



INTEREST
The sum paid or accrued in return for the use of money.

MARGINAL LAND
Land which is of little value because of some deficiency, such as poor access, lack of adequate rainfall, or steep terrain.

COMMON WALL
A wall separating two living units.

ATTACHMENT
The legal process of seizing the real or personal property of a defendant in a lawsuit, by levy or judicial order, and holding it in the custody of the courts as security for satisfaction of the judgment which the plaintiff may recover in any action upon a contract, express or implied.

JUST COMPENSATION
An amount of compensation to be received by a party for the taking of property under the power of eminent domain.

BORROWER (MORTGAGOR)
An individual who applies for and receives funds in the form of a loan and is obligated to repay the loan in full under the terms of the loan.

MORTGAGEE
The lender in a mortgage loan transaction.

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