We're sure you don't like jargon - and neither do we. But it's a fact of real estate life. This glossary is here to help you make sense of it. And we've put a special emphasis on terms that reflect today's housing market.

  1. A
  2. B
  3. C
  4. D
  5. E
  6. F
  7. G
  8. H
  9. I
  10. J
  11. K
  12. L
  13. M
  14. N
  15. O
  16. P
  17. Q
  18. R
  19. S
  20. T
  21. U
  22. V
  23. W
  24. X
  25. Y
  26. Z

"e" Terms

A condition in which buyers can occupy the property before the sale is completed.
Money a buyer gives with an offer to purchase a property. Also called a deposit.
A right given to a third party to use a portion of the property for certain purposes, such as power lines or water mains.
The projecting overhang at the lower edge of a roof.
The age of a structure estimated by its condition rather than its actual age.
The government's right to condemn private land for public use, such as the routing of a public highway.
Programs which help employees purchase homes through special plans developed with lenders.
Programs which help employees purchase homes through special plans developed with lenders.
Potential buyers who have raised their families and want to move into a smaller home.
Potential buyers who have raised their families and want to move into a smaller home.
Fences or other structures that extend into the property of another owner.
Fences or other structures that extend into the property of another owner.
A claim or lien on a property that complicates the title process.
A claim or lien on a property that complicates the title process.
The conversion from a construction loan to permanent financing a condominium buyer secures after all units in a project have been completed.
The conversion from a construction loan to permanent financing a condominium buyer secures after all units in a project have been completed.
A government-mandated evaluation of all aspects and effects a development will have on the environment of a proposed site.
A government-mandated evaluation of all aspects and effects a development will have on the environment of a proposed site.
A method of construction that utilizes recycled materials.
A federal law that prohibits a lender or other creditor from refusing to grant credit based on the applicant's sex, marital status, race, religion, national origin or age. The law also prohibits a creditor from refusing to grant credit because the applicant receives public assistance.
Equifax Credit Information Services, Inc., is one of the Big Three" credit-reporting bureaus that operate nationwide. "
A determination of the value of a property after existing liens are deducted.
A policy that pays for any mistakes a builder or architect makes in a project.
A neutral third party holds the documents and money involved in a real estate transaction and ensures that all conditions of a sale are met. Escrow also refers to a special account that a lender establishes to hold monthly installments from the borrower to cover property taxes and insurance.
An account that a lender or mortgage servicer establishes to hold funds for the payment of expenses such as homeowners insurance and property taxes. Also known as an impound account.
A neutral third party who ensures that all conditions of a real estate transaction are met.
Escrow closes when all conditions of a real estate transaction are met and the title of the property is transferred to the buyer.
Firms that act as neutral third parties to ensure that all conditions that the buyer, seller and lender establish in a real estate transaction are met.
Funds that a mortgage servicer withdraws from a borrower's escrow account to pay property taxes and insurance.
The total assets of a person, including real property, at the time of death.
A legal procedure to remove a tenant for reasons including failure to pay rent.
A contract that gives an agent the exclusive right to market a property for a specific period of time.
Experian, formerly known as TRW Information Systems & Services, is one of the Big Three" credit-reporting bureaus."
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