ch34 buying a home
Order by
10 terms
Terms | Definitions |
|---|---|
 tenancy by the entirey | a type of ownership that only a husband and wife can own |
| debt ratio | the amount of your monthly payments compared to your monthly income. |
| easement | right to use the land of another in a limited way |
| mortgage | written instrument by which the borrower pledges real property to the lender. |
| tenancy in common | type of co-ownership in which a person heirs inherit that person share of property upon death |
| equity | difference between the fair market value and mortgage |
| deed | written instrument that transfer ownership of real property |
| eminent domain | right of the government to take private land, with or without the consent of the owner, for public use. |
| joint tenancy | type of co-ownership in which the surviving joint tenants own all te property when a co-owner dies. |
| zoning laws | local ordinances that regulate the use of real property in specfied areas. |
First Time Here?
Welcome to Quizlet, a fun, free place to study. Try these flashcards, find others to study, or make your own.