Dictionary

Definition:  A formal declaration before a notary that the signing of a document is a free act Pronunciation:  ik-ˈnä-lij-mənt, ak Used in a Sentence:   The notary witnessed the acknowledgement of ...

Definition:  The gradual buildup of land caused by water-borne rock, sand and soil. Pronunciation:  ə-ˈkrē-shən Used in a Sentence:    Accretion had caused the property to grow in size.

Definition:  A condition in a mortgage that the entire unpaid balance becomes due and payable if the borrower defaults on the promissory note. Pronunciation:    ik-ˌse-lə-ˈrā-shən Used in a Sentenc...

Definition:  A concise history of title to real property comprising a summary of the links in the “chain of title” extracted from documents impacting on the title status. Pronunciation: abˈstrakt,ˈ...

Definition: Someone who estimates value Pronunciation: əˈpreɪzə(r) Used in a Sentence: The appraiser is going to estimate what we our house is worth.

Definition: The act of estimating an opinion of property value. Pronunciation: əˈprāzəl Used in a Sentence: We are having an appraisal done to see if the property is really worth what they say.

Definition: An owner of real property that does not live on the premises. Additional Information: An absentee owner usually requires a property manager to maintain the premises. Pronunciation: absə...