GlossaryAbsorption RateAbsorption Rate is a ratio used to predict the volatility of demand for similar properties in a certain area compared to the demand for such properties. It measures the markets ability to sell or lease the existing inventory of properties within the given market. Professionals use this index to spot trends in the market and determine if it is a buyers or sellers market. Abstract of Title
A written summary of the chain of title. It contains the original grant and all subsequent conveyances, along with any encumbrances affecting the property.
Acceleration
The right of the lender to demand the immediate repayment of the mortgage loan balance upon the default of the borrower.
Acceleration clauseA clause in a mortgage that gives the lender the right to require payment of the entire principal balance if the borrower defaults on an installment payment or other covenant Acceptance
An offeree's consent to enter into, and be bound by the terms of, a contract
AccessThe right to enter and exit a parcel of land from a public way, including the right to enter and exit via land belonging to others AcknowledgementA declaration by a party executing an instrument that it is his act and deed. It is usually made before a Notary Public or Attorney. Acre
43,560 square feet of land
Adjustable Rate Mortgage (ARM)Also known as a Variable Rate Mortgage, a loan secured against land, which has an interest rate that changes according to some outside index -- such as the federal prime rate or the interest rate paid on government bonds -- over the term of the mortgage. The change in interest rate will result in a change in the periodic payments due under the mortgage. Adjustable-rate mortgage (ARM)A mortgage with interest rates that may fluctuate based on market conditions; the lender is permitted to adjust the mortgage's interest rate periodically, though most ARM's are limited in the amount that the interest rates can vary Affiant
One who swears an affidavit.
Affidavit
A sworn statement setting out facts, which the affiant states, are true. Sworn before a Commissioner for swearing Oaths, Notary Public or other public official.
Agreement for Sale
A document in which the purchaser agrees to buy certain property and the seller agrees to sell under stated terms and conditions. Also called sales contract, binder or earnest money contract.
Amortization
Gradual debt reduction. Typically, the reduction is made according to a pre-determined schedule for installment payments.
Annual Percentage Rate (APR)
A term used in the Truth in Lending Act to represent the full cost of a loan including interest and loan fees.
Appraisal
A written report by a qualified appraiser estimating the value of a property.
Appraised Value
An opinion of a property's fair market value, based on an appraiser's inspection and analysis of the property.
Appraiser
A person qualified by education, training and experience to estimate the value of real property.
Appreciation
An increase in value of the property (the opposite of depreciation).
Assessed Valuation
The value that a taxing authority places upon personal property for the purposes of taxation.
Assumption
The agreement between buyer and seller where the buyer takes over the payments on an existing mortgage from the seller.
There maybe times that you will need to provide evidence of some material fact or need to have a witness to your signature. In both of there cases you will need to find a notary public.
need a notary allows you to find a notary public nationwide. You can always find a notary public who is local and in your neighborhood. You can find a notary public to witness your documents and take your oaths. When you transfer a vehicle you need a notary. You also need to find a notary public when you refinance a mortgage loan or purchase a piece of real estate. Finding a notary public is quick easy and simple with needAnotary.net. You are just a click away from finding a notary public hours a day, seven days a week. Some notaries are available 24 hours a day and can meet you at your home or work. You want to find a notary that is skilled and professional. NeedAnotary has some of the most skilled notaries in the business. Notary publics can administer oaths and witness documents that require evidence of your signature. Generally speaking, notary publics in the United States of America have powers that are far more limited than the role of a civil law notary in the rest of the world. In the USA the most common notarial activities include: witnessing the signature of documents, authenticating facts set out in a document, certifying copies of originals, or administering oaths and declaration. Su Sello de Comisión de Notary por 4 Años (el sello se le envía a usted al ser comisionado) Un Cuaderno de Registro Oficial Notarial con todas las funciones ¡Un cojín para tomar huellas sin tinta, para impresiones dactilares sin residuos! Un sello JURAT (escritura notarial para dar fe) que cumple los requisitos los cambios legales en el Un CD con materiales ilimitados de formularios de notario incluyendo Jurats de California How does a U.S. notary differ from a Notario Publico? In Latin America countries, a Notario Publico is a high-ranking official like a judge or an attorney. Unlike a Notario Publico, a U.S. notary public is forbidden from preparing legal documents or giving legal advice unless he or she is also an attorney. |
| Find A Notary: |
needAnotary is a QEC Internet Services Company | © 2004 QEC Internet Services All Rights Reserved