Homeowner Education

The latest news, tips, and tricks for homeowners

Certificate of Sale

A certificate of sale is issued to a buyer when she purchases a foreclosed property. Although it doesn’t signify the buyer’s ownership of the property,

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Buyer’s Market

A buyer’s market occurs when there are more homes on the market than there are buyers. In a buyer’s market, buyers have more negotiating power

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Bylaws

Bylaws are the written rules that govern an organization. These guidelines control how the organization will operate and outline what is or isn’t permissible for

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Buyer’s Agent

A buyer’s agent represents only the buyer in a real estate deal. When you buy a home, your buyer’s agent focuses his or her energy

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Breach of Contract

In contract law, breach of contract, also called breach of agreement, refers to the violation of any term or condition of a binding agreement. It

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Blanket Insurance

Blanket insurance is a type of insurance policy that insures the common areas of a condominium or townhome. It also covers the common property in

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Assessment Roll

An assessment roll is a public record containing the information about property and individual pieces of land within the taxing jurisdiction of an assessing unit.

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Assessment

An assessment establishes the value of an asset, such as a home or a vehicle, for taxation purposes. In some cases, an assessment is calculated

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Ademption

Ademption occurs when property gifted in a will is not in the estate’s possession at the time of the testator’s death. This occurs when the

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Ad Valorem Tax

An ad valorem tax is a form of taxation based on the value of a transaction or a property, either real estate or personal property.

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