Hattiesburg Real Estate Glossary - An Overview




Realty Executives, The Executive Team, Inc.
118 Lamar Blvd #10, Hattiesburg, MS 39402, USA
8J94+FJ Hattiesburg, Mississippi, USA
http://www.hattiesburghouses.com
+1 601-268-1600

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ADVERSE POSSESSION - The acquiring of title to real property owned by some other person, by the use of open, notorious and constant possession for the statutory time period (20 years in Hawaii).

To be a real estate agent, You will need to organize for and go a licensing Examination. Pre-license instruction several hours could be required, and the exact quantity may differ from condition to condition. Once you've handed the Test, the next step is to attach with a real estate broker.

This ad doesn't suggest that the broker provides a listing or has carried out a transaction During this assets or properties, nor does it counsel, right or indirectly that the advertising broker was involved with the transaction.

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Also, specific costs are certainly not mirrored in this calculation, one example is any gasoline surcharge Which may be applicable at enough time of the transfer and valuation fees.

When communicating with neighbors, allow it to be apparent that you're somebody that's keen on obtaining the property. Normally, neighbors could Consider you're a credit card debt collector, and This may make them reluctant to provide info.

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We admit that we may possibly periodically get rid of business enterprise due to the fact we've been truthful with our clients due to our mutual plans.

STATUTE OF FRAUDS - That regulation which calls for specified contracts to generally be in composing and signed because of the party to become charged therewith in order to be legally Extra resources enforceable.

S SALE AND LEASEBACK - A transaction where, generally, an operator sells his enhanced assets and as Portion of the same transaction indicators a protracted-term lease and remains in possession.

REDEMPTION, EQUITABLE Proper OF - The proper of a mortgagor who may have defaulted on the mortgage Notice to redeem or get back his title for the house by shelling out off all the mortgage Be aware before the foreclosure sale.

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Your month-to-month payment will be dictated by the size of your loan and the amount of your down-payment. You'll be able to reduce the size of your regular monthly payment by expanding the dimensions of one's down-payment.

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