- Industry: Real estate
- Number of terms: 9847
- Number of blossaries: 0
- Company Profile:
Century 21 Real Estate LLC is a real estate agent franchise company founded in 1971. The Century 21 System consists of over 7,800 independently owned and operated offices. Century 21 has offices in all 50 states and in more than 67 countries and territories.
The process by which money and/or documents are held by a disinterested third person (a "stakeholder") until the satisfaction of the terms and conditions of the escrow instructions (as prepared by the parties to the escrow).
Industry:Real estate
An account setup by a mortgage servicing company to hold funds with which to pay expenses such as homeowners insurance and property taxes. An extra amount is paid with regular principal and interest payments that go into the escrow account each month.
Industry:Real estate
An analysis performed by the lender usually once each year to see that the amount of money going into the escrow account each month is correct for the forecasted expenses.
Industry:Real estate
The payout of funds from an escrow account to pay property expenses such as taxes and insurance.
Industry:Real estate
The degree or extent of an interest one has in real estate or personal property.
Industry:Real estate
The report on the title of a property from the public records or an abstract of the title.
Industry:Real estate
A written contract that gives a licensed real estate agent the exclusive right to sell a property for a specified time, but reserving the owner's right to sell the property alone without the payment of a commission.
Industry:Real estate
A person named in a will to administer an estate. The court will appoint and administrator if no executor is named. "Executrix" is the feminine form.
Industry:Real estate
The front exposure of any building. Often used to describe an artificial or false front which is not consistent with the construction of the rest of the building.
Industry:Real estate
