A law adopted by some cities or towns with desirable vistas -- such as those in the mountains or overlooking the ocean -- that protects a property owner from ha... (more...)

A law adopted by some cities or towns with desirable vistas -- such as those in the mountains or overlooking the ocean -- that protects a property owner from having his or her view obstructed by growing trees. View ordinances don't cover buildings or other structures that may block views.

PRIVATE MORTGAGE INSURANCE (PMI)

Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortga... (more...)

Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortgage plus the costs of the sale). A home buyer who makes less than a 20% down payment may have to purchase PMI.

LOAN BROKER

A person who specializes in matching home buyers with appropriate mortgage lenders. For a fee--often paid by the lender--a loan broker provides any easy and eff... (more...)

A person who specializes in matching home buyers with appropriate mortgage lenders. For a fee--often paid by the lender--a loan broker provides any easy and effective way to find the cheapest mortgage rates.

ESTATE

Generally, all the property you own when you die.

LIFE TENANT

One who has a life estate in real property.

APPRECIATION

An increase in value. Appreciated property is property that has gone up in value since it was acquired.

FAILURE OF CONSIDERATION

The refusal or inability of a contracting party to perform its side of a bargain.

MARITAL DEDUCTION

A deduction allowed by the federal estate tax laws for all property passed to a surviving spouse who is a U.S. citizen. This deduction (which really functions a... (more...)

A deduction allowed by the federal estate tax laws for all property passed to a surviving spouse who is a U.S. citizen. This deduction (which really functions as an exemption) allows anyone, even a billionaire, to pass his or her entire estate to a surviving spouse without any tax at all.

LEGACY

An outdated legal word meaning personal property left by a will. The more common term for this type of property is bequest. Compare devise.

Rolla Landing Construction Lawyer, British Columbia

SPONSORED LAWYERS

Wayne N Plenert

George Leven

Shane H. Allen

Magrieta C. Abbey

Garth Makepeace

Shane Allen

Magrieta C. Abbey

Gary J Higson

Peter B. Walgren

Tamera A. Golinsky

TIPS

LEGAL TERMS

VIEW ORDINANCE

PRIVATE MORTGAGE INSURANCE (PMI)

LOAN BROKER

ESTATE

LIFE TENANT

APPRECIATION

FAILURE OF CONSIDERATION

MARITAL DEDUCTION

LEGACY

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