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Fore or forward: at or toward the front of a ship or further ahead of a location (opposite of "aft") [1] Preposition form is "before", e.g. "the mainmast is before the mizzenmast". Inboard: attached inside the ship. [14] Keel: the bottom structure of a ship's hull. [15] Leeward: side or direction away from the wind (opposite of "windward"). [16]
Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...
Fore-and-aft rigs include: Rigs with one mast: the proa, the catboat, the sloop, the cutter; Rigs with two masts: the ketch, the yawl; Rigs with two or more masts: the schooner; Barques and barquentines are partially square rigged and partially fore-and-aft rigged. A rig which combines both on a foremast is known as a hermaphroditic rig.
A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender.
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
This is a list of abbreviations used in law and legal documents. It is common practice in legal documents to cite other publications by using standard abbreviations for the title of each source. Abbreviations may also be found for common words or legal phrases.
Ken H. Johnson, a real estate economist at Florida Atlantic University and a former real estate broker, says the new rules just add another layer of complexity to an already-confusing process.
A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g., in the case of conveyance, one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred ...