Buying Home Income Low
Buying Home Income Low
Buying Home Income Low

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Real Estate Terms of the Day for Buying Home Income Low



YIELD
The return on an investment or the amount of profit, stated as a percentage of the amount invested.

UNILATERAL CONTRACT
A contract in which one party makes an obligation to perform without receiving in return any express promise of performance from the other party, such as an open listing contract, where the seller agrees to pay a commission to the first broker who brings in a ready, willing and able buyer.

MORTGAGE
A legal document by which real property is pledged as security for the repayment of a loan.

ENTIRETY, TENANCY BY
A form of joint ownership of property between husband and wife with the right of survivorship.

PURCHASE MONEY MORTGAGE
A mortgage given to the seller as part of the buyer's consideration for the purchase of real property, and delivered at the same time that the real property is transferred as a simultaneous part of the transaction.

MECHANIC'S LIEN
A statutory lien created in favor of materialmen and mechanics to secure payment for materials supplied and services rendered in the improvement, repair or maintenance of real property.

ACCESS
A general or specific right of ingress and egress to a particular property.

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