Counteroffer

A counteroffer is an offer made in response to an initial offer with unfavorable terms. It’s part of the negotiating process and allows a buyer

Contractual Lien

There are many kinds of liens (tax liens, mechanic’s liens, judgment liens and statutory liens, for example), and indeed most of them are nonconsensual. But,

Constitutions and Bylaws

In most organizations, the constitution describes the purpose of the organization, its principals and its key organizational structure. The bylaws govern the organization’s operations and

Comparable Value

Comparable value is the dollar amount that the seller or retailer considers property or merchandise to be worth. This is a highly subjective amount and

Comparables (Comps)

Comparables, sometimes referred to as “comps,” are properties used for comparison in the real estate appraisal process. When a house is on the market, appraisers

Comp Value

A comp, which is an abbreviation for comparable sale, is a recently sold home in your area that’s similar to your home in location, size,

Common Areas

Common areas are elements of a property available for use for all tenants or owners. Common areas can include hallways, sidewalks, parking lots, community swimming

Closing Costs

Closing costs are the fees a seller and buyer pay to complete a real estate transaction. The costs paid at closing usually equal between 2

Clear Title

A clear title is one in which the owner owns the property outright and without any restrictions, such as liens or levies. With a clear

Chain of Title

The chain of title is a real estate records search that lists the successive owners of a home or property. The purpose of a chain

Homeowner Education