Homeowner Education

The latest news, tips, and tricks for homeowners

National Housing Act

National Housing Act Definition In Residential Real Estate The National Housing Act is a federal law that established a framework for supporting residential housing finance

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MLS

Ā MLS Function In Residential Real Estate Listings MLS refers to a shared property listing system used by real estate professionals to market residential property and

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Master-planned Community

Master-planned community is a large-scale residential neighborhood with a large number of recreational and commercial amenities, such as golf courses, tennis courts, lakes, parks, playgrounds,

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Master’s Deed

A deed from a judicial officer given as a result of a foreclosure, a tax sale, or sometimes a divorce,depending on the state and its

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Market Conditions

Market conditions are the factors that influence the housing market in a particular area, such as cost of living, demographics, supply and demand, mortgage rates

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Master Deed

A document used by condominium developers to record the project;its division into condominium ownership;and the grant of common areas to the condominium owners. Also called

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Lot Size

Lot size is the land you own according to the survey of boundary lines determined by the city. Square footage is the usable space in

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Listing

An arrangement, agreement, or contract for the marketing of real property through one or more real estate agents usually for a specific period.

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Lien

A lien is a claim made on a property in order to satisfy a debt. Liens are often applied to real estate, although an entity

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Letter of Intent

A letter of intent provides a formal, but preliminary, agreement between two parties who intend to do business with each other. They are frequently used

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