A method of financing in which the loan that finances the purchase of a home also finances the purchase of personal items such as a washer and dryer, refrigerator, stove and other specified appliances

A line of steep cliffs usually along a river. Also: A row of pointed stakes forming a fence, barrier or fortification.

Definition: The act of creating or causing alarm among homeowners with the intent to make them sell their homes by stating or implying that persons of a protected class moving into the neighborhood will have negative results such as lowered home values or increased crime. Those who engage in this practice, known as blockbusters, attempt to profit by purchasing the homes of panicked people at less than market value, then reselling those homes at a greatly increased price. Panic selling is illegal according to the Federal Fair Housing Act (1968, 1974, 1988), which lists as protected classes race, skin color, national origin, religion, handicap status, familial status, and gender.
Same as Blockbusting.

Example: A real estate investor spreads rumors in a predominantly Asian neighborhood that a Latino family is considering purchasing a home there, which will bring undesirable elements and lower nearby property values. The investor hopes that people in this area will sell their homes to him at a price that is less than market value because they are alarmed the arrival of the newcomers will result in even lower home values or other undesirable neighborhood conditions. Under the Federal Fair Housing Act, it is illegal even to suggest that changes will occur in a neighborhood because persons of a protected class have moved there or will move there.


Terms and Definitions: Real Estate, Legal, Management

A specific portion of a larger tract; a lot

A clause found in a mortgage which directs the mortgagee to release certain parcels from the lien of the blanket mortgage upon the payment of a certain sum of money.
Contrast with release.

A mortgage in which the lender participates in the income of the mortgaged venture beyond a fixed return, or receives a yield on the loan in addition to the straight interest rate

The dividing of common interests in real property owned jointly by two or more persons

Fences that seperate adjoining lands.

An association of two or more persons to carry on as co-owners a business for profit, as defined in the Uniform Partnership Act, which is in force in a majority of the states

A wall which is located on or at a boundary line between two adjoining parcels and is used or is intended to be used by the owners of both properties in the construction or maintenance of improvements on their respective lots

Opening through hills or mountains used as a route for roads or railways

Area of land used for grazing domestic animals

A grant of property made by the government to one or more individuals.

Summit of a hill or mountain, usually steep-sided or pointed

Piece of land nearly surrounded by water and attached to a larger area of land or the mainland

An apartment located on the roof of a building, or more commonly, an apartment on the top floor of a building

A lease whose rental is based on a percentage of the monthly or annual gross sales made on the premises

A unit of length used in land surveys. The terms rod, pole, and perch are equivalent and may be used interchangeably, although "rod" is the most common. One (1) perch is equal to 25 links, 16.5 feet, or 1/4 (0.25) chain. For conversions and examples, see Rod, pole, or perch equivalents and conversions and the various Converting rods, poles, or perches to... entries.

A hydraulic engineer's test of soil to determine the ability of the ground to absorb and drain water

Noun: 1. Title to real property that is free from liens, encumbrances, or defects aside from those which the buyer has agreed to accept (mortgage to be assumed, ground lease of record, etc.)
2. Title to real property that is established, marketable, and without clouds.
3. Title that is without liens or encumbrances and can be sold or transferred to another.
Verb: 4. To remove or satisfy claims, liens, or other encumbrances against a title to real property; to make a title whole, clear, and marketable.

A bond, usually posted by one who is to perform work for another, which assures that a project or undertaking will be completed as per agreement or contract

Occurring regularly or semi-regularly in time, as a periodic tenancy, periodic rent, periodic portfolio review, etc.

Monies payable as part of a residential or commercial lease agreement and collected on a regularly recurring basis (e.g., monthly, annually, etc.).

A leasehold estate which continues from period to period, such as month to month, year to year. All conditions and terms of the tenancy are carried over from period to period, and continue for an uncertain time until proper notice of termination is given.

A long-term loan, as opposed to an interim loan