- Industry: Real estate
- Number of terms: 9847
- Number of blossaries: 0
- Company Profile:
Century 21 Real Estate LLC is a real estate agent franchise company founded in 1971. The Century 21 System consists of over 7,800 independently owned and operated offices. Century 21 has offices in all 50 states and in more than 67 countries and territories.
That interest or value remaining in property after payment of all liens or other charges on the property. A owner's equity is normally the monetary interest over and above the mortgage indebtedness.
Industry:Real estate
A municipal zoning category wherein a building or other fixture may abut the property line.
Industry:Real estate
The natural increase in the amount of equity an owner has in a property, accumulated through market appreciation and debt repayment.
Industry:Real estate
A specific area within a municipality or other jurisdiction which conforms to certain guidelines regarding the use of property in the zone. Typical zones include single-family, multi-family, industrial, commercial and mixed-use.
Industry:Real estate
An insurance policy taken out by appraisers to cover their liability for any mistakes made during the appraisal process.
Industry:Real estate
The process by which money and/or documents are held by a disinterested third person (a "stakeholder") until the satisfaction of the terms and conditions of the escrow instructions (as prepared by the parties to the escrow).
Industry:Real estate
An account setup by a mortgage servicing company to hold funds with which to pay expenses such as homeowners insurance and property taxes. An extra amount is paid with regular principal and interest payments that go into the escrow account each month.
Industry:Real estate
An analysis performed by the lender usually once each year to see that the amount of money going into the escrow account each month is correct for the forecasted expenses.
Industry:Real estate
The payout of funds from an escrow account to pay property expenses such as taxes and insurance.
Industry:Real estate
The degree or extent of an interest one has in real estate or personal property.
Industry:Real estate
