A B
C D
E F
G H
I J
K L
M N
O P
Q R
S T
U V
W X
Y Z
E
|
Earnest money |
A deposit made of a portion of the purchase
price by the buyer to demonstrate his or her serious intent to purchase the
property, usually accompanied by an agreement outlining the terms and
conditions of the sale |
|
Easement |
The permanent or temporary right to use the
property of another for a specific purpose -- e.g. for access over the
property, putting up utility lines, etc. |
|
Egress |
The right to leave or exit over a piece of
property |
|
Eminent domain |
The right of the government to take over private
property for public purposes upon payment of its fair market
value |
|
Encroachment |
A physical, illegal intrusion onto another's
adjoining property; examples are a structure, driveway, fence |
|
Encumbrance |
Any claim against the fee simple title to a
property, such as a lien, mortgage, or easement |
|
Equal Credit Opportunity Act
(ECOA) |
A federal law that requires lenders and other
creditors to make credit equally available without discrimination based on
race, color, religion, national origin, age, sex, marital status, or receipt of
income from public assistance programs |
|
Equity |
The owner's financial interest in a property,
over and above any indebtedness for that property; or the difference between
the fair market value of the property, and the amount still owed on its
mortgage |
|
Equity Sharing |
A form of joint ownership between an
owner/occupant and an owner/investor, whereby the owner/investor receives
depreciation deductions as his portion of interest in the property, and the
owner/occupant receives some of the tax write-offs for interest and taxes, as
well as part of his monthly payment being applied against his rent. If the
property were sold, the co-owners would also divide the profit |
|
Escheat |
Property that reverts to state ownership when an
individual dies without a will and without heirs |
|
Escrow |
A deed, contract, or something of value
deposited with a disinterested third party, to be delivered upon the
performance of certain conditions by the parties involved; e.g., an attorney or
escrow agent taking custody of funds and documents upon the closing of a sale
of real estate |
|
Escrow account |
An account established by an escrow agent to
hold funds for the agent's principal until the consummation of the
transaction |
|
Escrow instructions |
A document that outlines the duties of the
escrow agent and the obligations of the parties involved in an escrow
transaction |
|
Escrow payment; also "impounds" or "reserves"
in some states |
The portion of a mortgagor's monthly payment
that is retained by the escrow agent to cover the costs of taxes, hazard or
mortgage insurance, lease payments, and other costs incurred in the course of
the transaction |
|
Estate |
An individual's possessions and property,
relevant particularly at the time of death |
|
Eviction |
The legally directed removal of an occupant from
real property |
|
Exclusive listing, or Exclusive agency
listing, or Exclusive right-to-sell listing |
A written contract giving a licensed real estate
broker the exclusive right to sell a property for a designated period of time,
on terms stated by the owner, for a fee, while also reserving the owner's right
to sell the property himself, without paying anyone a
commission |
|
Executor |
A person named in a will, or in the absence of
such designation, appointed by the probate court, to administer an estate and
carry out its terms |
|
Extended Mortgage |
A mortgage in which the due date of payment is
extended, and is usually charged at a higher interest rate than the original
mortgage |
A B
C D
E F
G H
I J
K L
M N
O P
Q R
S T
U V
W X
Y Z
Did We Miss the Word YOU Are Looking For? Is there a real estate word that we failed to explain here in our dictionary for homebuyers and sellers? Let us be your personal real estate dictionary! We'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let us know! We always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let us know! We're happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly...
"A model of how the Internet can facilitate the process of deciding where to send your children to school"
- America's Best School Profiles by
The Heritage Foundation
| Q |
What areas are known as the 'silk stocking' districts of this famous city?
|
| A |
In Central Park West, Fifth Avenue and Park Avenue in Manhattan, apartments go for $222,610 to $282,709 per room. |
 See More Real Estate Trivia > |
|
|
|
| Charlotte Savoy |
| Keller Willams Crossroads |
| Two Offices to Serve You |
| Ellicott City, MD and Glen Burnie,
MD |
| Office: 410 766-8000 |
| Fax: 410-766-8005 |
| Charlotte@HibanGroup.com |
Charlotte is a native of Howard County and has lived in Maryland her entire life. She currently lives in Ellicott City with her husband, Ike and their three sons Josh, Jalen and Braeden along with their goldendoodle Maya. Charlotte has been in the customer service arena for her entire adult life. She began her real estate career in 1998 and has rapidly taken on more and more responsibility as opportunities arose. She is an experienced agent, having helped more than 1000 customers with their home sale or purchase. Her knowledge of the market and the customer's needs makes her a very successful agent with many customers that return time and time again. This kind of experience can lead to only one conclusion…painless transactions for her customers!
She is known for her sincerity, professionalism and enthusiasm for the real estate business. From 2004-2007, Charlotte has been the Top Producing agent at The Pat Hiban Real Estate Group. |
|
|
Pat Hiban
Keller Williams Crossroads
Two Offices to Serve You
Ellicott City, MD and Glen Burnie, MD
Office: 410-766-8000
Fax: 410-766-8005
homes@hibangroup.com
Pat was born at Georgetown Hospital and has been a Central Maryland resident since his birth. He is a graduate of Wilde Lake High School and Frostburg State University. He currently lives in Columbia with his wife, Kim; 2 daughters and 2 labradors, Libra and Piper. Pat is an active runner, weight trains and practices Tae Kwon Do. In his free time he enjoys his family and enjoys writing.
We are currently the #2 Team out of 80,000+ agents in the USA! Last year we sold more than $150 Million Dollars in Real Estate, while providing a level of service that is second to none!    
www.HibanGroup.com is brought to you by
Pat Hiban Real Estate Group
NUMBER1EXPERT™ in real estate for
Glen Burnie, Pasadena and Howard County, Maryland Read Pat Hiban Real Estate Group's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
|
NUMBER1EXPERT™
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed. |
- NUMBER1EXPERT™ 
