Dictionary

Definition:  A lot bounded with intersecting streets on two sides. Pronunciation:  \ˈkȯr-nər\ Used in a Sentence:   We chose the corner lot because it had more property.

Definition:  Title to real property held by two or more persons at the same time.  Also called concurrent ownership or multiple ownership. Pronunciation:  \ˈkō-ō-nər-ˌship\ Used in a Sentence:  Mar...

Definition: A multiunit project consisting of individual dwelling units owned by the corporation.  The individual apartment tenants own stock in the corporation rather than owning their respective ...

Definition: The transfer of title or an interest in real property by means of a written instrument such as a deed or an assignment of lease. Pronunciation:   \kən-ˈvā-ən(t)s\ Used in a Sentence:   ...

Definition: A financing method allowing a change from an adjustable-rate to a fixed-rate mortgage. Pronunciation:   \kən-ˈvər-tə-bəl\ \ˈmȯr-gij\ Used in a Sentence:   We were able to change to a f...

Definition:   Unauthorized use or withholding of money or property that rightfully belongs to another person. Pronunciation:   \kən-ˈvər-zhən, -shən\ Used in a Sentence:   The broker was charged wi...

Definition:  A real estate loan that is neither FHA- insured or VA-guaranteed. Pronunciation:   \kən-ˈvench-nəl, -ˈven(t)-shə-nəl\  \ˈlōn\ Used in a Sentence:    We were able to purchase our house ...

Definition: A financing method wherein the seller agrees to deliver the deed at some future date and the buyer takes possession while paying the contracted amount.  Also called a land contract, ins...

Definition: An agreement between two or more competent parties to do, or not do, a specified legal act for a legal consideration. Pronunciation:  \ˈkän-ˌtrakt\ Used in a Sentence:   Both the buyer ...