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acceleration clause: When someone is behind on their payment and the lender demands to be paid in full in one lump sum
Escalation clause: When a buyer agrees to go above asking price to buy the home (Also known as escalator)
escheat: When the government (Cheats) you out when an owner has no heirs or will for anybody, and the government takes the property back
Easement: An agreement, to use someone else's land for use
Encroachment: Violating someone else's land for use by building on someone else's land
Encumbrance: Has to do with violation of the transfer of property
subsitution: is regards to the buyer not willing to pay more than the cost of the homes alternative cost
Joint tenancy: When two or more owners share a property in ownership and have equal paymetns and rights to own of the property.
Tenancy in severalty: Is one property owner.
Void: Not a contract, and is likely to be
execution contract: When there are more things needed to be done in the contract.
Executed Contract: When contract is final and done.
Puffing: When an agent EXAGGERATES regarding the property being great
Steering: When an agent refuses to show houses to people because of their religion, gender, or race
redlining: When lenders discriminate/refuse to lend to someone because of the neighborhood/area
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