Mastering the Winter Housing Market in Coral Terrace

The holiday season, spanning November to January, is generally considered the worst time to list a home on the market. The short days, cold weather, and holiday spirit tend to focus buyers' attention elsewhere. Most people have other concerns during the holiday season, so it is not the most...

Reasons to Buy Title Insurance in Coconut Grove

Buying a home is likely the largest investment you will make in your life. Title insurance protects your investment in many cases where there are rival claims on your property. Each time a property exchanges hands, there are more opportunities for mistakes, oversights, and complications to occur,...

Still More Useful Closing Terms in Coral Gables

Even More Helpful Real Estate Settlement Terms

Here are a few more real estate terms you may find useful at your closing.

Abstract

A short history of a parcel's title. It includes the initial grant and all subsequent transfers affecting ownership of the property.

ALTA

American Land Title...

More Useful Closing Terms in Coral Gables

More Useful Real Estate Settlement Terms

Here are a few more terms you will need to know before going to your closing.

Default

Failure to live up to an agreement by either not paying or not performing by the covenants.

Defective Title

An irregular or faulty title due to a lien, judgment, mortgage...

Useful Closing Terms

Useful Real Estate Settlement Terms

Here are a few terms you will likely come across as you approach your closing date. Make sure to go into your closing knowing what they mean.

Adverse Possession

The technical term for squatting, or occupying a property without the owner's consent. Title of the...