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Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]
Wilson Leung, a real estate agent in California’s Bay Area, said the condo market is noticeably slower than single-family sales as prospective buyers balk at fees and higher property insurance ...
Factors, insurance brokers, packers, stockbrokers, and banker's liens are all usually general liens. healthcare lien (United States)—a statutory lien asserted by an HMO , insurer, medical group, or independent practice association against those liable to the, also its patient in damages, to recover money paid or claim money payable for ...
Although the definition is not consistent across the insurance industry. [1] It is generally defined as the value of the largest loss that could result from a disaster, assuming the normal functioning of passive protective features (e.g. firewalls , nonflammable materials, flood defences etc.) and proper functioning of most (perhaps not all ...
Insurance adjustment, the settlement of an insurance claim; the determination for the purposes of a settlement of the amount of a claim, particularly a claim against an insurance company, giving consideration to objections made by the debtor or insurance company, as well as the allegations of the claimant in support of his claim. [5]
A real estate attorney, broker, escrow officer (in the western states), or loan officer can provide detailed information as to the price of title search and insurance before the real estate contract is signed. Title insurance coverage lasts as long as the insured retains an interest in the land insured and typically no additional premium is ...
Pages in category "Real estate terminology" The following 58 pages are in this category, out of 58 total. This list may not reflect recent changes. ...
In commercial real estate leases in the United States, the tenant, rather than the landlord, is usually responsible for real estate taxes, maintenance, and insurance. In a "net lease", in addition to base rent, the tenant or lessee is responsible for paying some or all of the recoverable expenses related to real-estate ownership.