A lien is a type of encumbrance. A specific lien is against certain property only, while a general lien is against all of the property owned by the debtor. The theoretical highest price a buyer, willing but not compelled to buy, would pay and the lowest price a seller, willing but not compelled to sell, would accept. All property that is not realty. Fees paid to lenders to induce them to make a mortgage loan.
Points have the effect of reducing the amount of money advanced by the lender.
An instrument authorizing a person to act as the agent of the person granting it. A written agreement between seller and purchaser in which the purchaser agrees to buy certain real estate and the seller agrees to sell upon terms of the agreement. Also called offer and acceptance, contract of sale, and earnest money contract. The rights to use real estate. Sometimes also defined as real estate.