In your real estate career, you will hear the term power of attorney, and attorney-in-fact plus it shows up on your exam, so understanding the terms is […]
Attorney-in-Fact

In your real estate career, you will hear the term power of attorney, and attorney-in-fact plus it shows up on your exam, so understanding the terms is […]
Eminent domain is the governments right to take over privately owned real estate for public use. Eminent domain is a government power granted by the constitution and protected […]
Escheat is the government’s right to take ownership of unclaimed real estate or assets. Escheat is a government power granted by the constitution, and part of the […]
The release clause, also known as a buyout clause is a contract provision that allows for the freeing of all, or part of a property, through a […]
The subordination clause, also known as the subordinate clause in real estate, finance, and banking refers to the order of priorities in claims for ownership or assets. […]
A prepayment penalty is a fee some mortgage lenders charge if a borrower pays off their loan too quickly. Sounds a little crazy, right? Well, it kinda […]
If a mortgage exists, odds are it includes an acceleration clause. The clause requires a borrower to repay all of an outstanding loan if upon a breach […]
In certain states, a defeasance clause is a required contract provision that ensures that the title for the property is transferred to the buyer, once the mortgage […]
Lets talk about the alienation clause, also known as the due-on-sale clause. Don’t worry it has nothing to do with extraterrestrial life. The act of transferring title, […]
The habendum clause typically is a section of a contract that deals with rights and to whom or what is granted. A clause identifies a particular section […]
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