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Word |
Definition |
| Earnest Money |
Money given by a buyer to a seller as part of the purchase price to bind a transaction |
| Easement |
A right created by grant, reservation, agreement, prescription, or necessary implication, which one has in the land of another. |
| Eminent Domain |
A Government right to acquire private property for public use by condemnation, and the payment of just compensation. |
| Encroachment |
Generally construction onto the property of another, such as a wall, fence, building, etc |
| Encumbrance |
A claim, lien, charge, or liability attached to and binding real property. Any right to, or interest in, land which may exist in one other than the owner, but which will not prevent the transfer of fee title. |
| Equity |
The value an owner has in real estate over and above the obligation against the property |
| Escrow |
Delivery of a deed by a grantor to a third party for delivery to the grantee upon the happening of a contingent event. |
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