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Real Estate Terms - S

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Sheriff's Deed

Deed given by court order in connection with the sale of a property to satisfy a judgment.

Listing Last Modified: Fri Dec 21 2007

 

Single-Family Residence

A house as distinguished from an apartment house, a condominium, or a planned unit development.

Listing Last Modified: Fri Dec 21 2007

 

Special Assessment

Legal charge against real estate by a public authority to pay the cost of public improvements (for example, sewers) by which the property is benefited.

Listing Last Modified: Fri Dec 21 2007

 

Speculator

One who buys property with the intent of selling it quickly at a profit.

Listing Last Modified: Fri Dec 21 2007

 

Straight Note

A note promising to repay a loan, signed by the debtor and including the amount, date due, and interest rate.

Listing Last Modified: Fri Dec 21 2007

 

Straight-Line Depreciation

Reducing value for tax purposes over a predetermined period of time by equal increments.

Listing Last Modified: Fri Dec 21 2007

 

Subdivision

A division of one parcel of land into smaller lots.

Listing Last Modified: Fri Dec 21 2007

 

Subject To Mortgage

A condition of taking title in which the buyer is not responsible to the holder of the note. The original maker of the note is not released from the liability of the note, and the most the new buyer can lose in foreclosure is equity in the property.

Listing Last Modified: Fri Dec 21 2007

 


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