Property Tax

Property tax is any tax on real estate or certain other forms of property.

Proof of Claim

When a person files for bankruptcy, if a creditor wants to seek payment from the debtor, he or she must file a proof of claim

Principle of Progression

Principle of progression is the idea that the value of a house increases when more valuable houses are built in the area.

Prescriptive Easement

An easement upon another’s real property acquired by continued use without permission of the owner for a legally defined period which varies by state.

Possession

In a real estate transaction, possession occurs when the buyer takes ownership of a property after signing closing documents.

Planned Development

it is a designed grouping of both varied and compatible land uses, such as housing, recreation, commercial centers, and industrial parks, all within one contained

POA

A Property Owner’s Association is a governing body that encompasses HOAs and COAs. POA fees are combined with HOA or COA fees. Serving as a

Personal Property Taxes

Personal property taxes, also known as property taxes, are a form of taxation on what is termed personal property. Personal property is defined as any

Personal Property

Personal property is essentially any property except for real estate.

Open Listing

An open listing is a property that multiple brokers have the option to market and sell to earn commission on the sale of the home.

Homeowner Education