Monthly Archives: May 2010

Word Of The Week

Lease option: An alternative financing option that allows home buyers to lease a home with an option to buy. Each month’s rent payment may consist of not only the rent, but an additional amount which can be applied toward the … Continue reading

Posted in Home Buyer Information, Home Seller Information | Tagged , | Leave a comment

Word Of The Week

Emblements The crops growing on a property which require annual care and are usually considered to be a possession of the tenant.

Posted in Home Buyer Information, Home Seller Information | Tagged , , , , , | Leave a comment

Word Of The Week

Chain Of Title A history of all conveyances and encumbrances affecting the title from the time the original patent was granted or as far back as records are available and identifies how title came to be vested in current owner.

Posted in Home Buyer Information, Home Seller Information | Tagged , , , | Leave a comment

Word of the week

Flood Certification An independent agency report required by the lender to determine whether a property is located in a flood hazard zone which would then require a federally mandated flood insurance policy.

Posted in Home Buyer Information, Home Seller Information | Tagged , , , , | Leave a comment