Special Assessments
A special tax imposed on property, individual lots or all property in the immediate area, for road construction, sidewalks, sewers, street lights, etc.
Glossary
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Special Lien
A lien that binds a specified piece of property, unlike a general lien, which is levied against all one’s assets. It creates a right to retain something of value belonging to another person as compensation for labor, material, or money…
Special Warranty Deed
A deed in which the grantor conveys title to the grantee and agrees to protect the grantee against title defects or claims asserted by the grantor and those persons whose right to assert a claim against the title arose during…
Survey
A map or plat made by a licensed surveyor showing the results of measuring the land with its elevations, improvements, boundaries, and its relationship to surrounding tracts of land. A survey is often required by the lender to assure him…
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Tasación
Se llama valoración de vivienda también. Un criterio o estimación experto de la calidad o valor de inmobiliarios o bienes raíces en una fecha determinada. (inglés: Appraisal)
Tasas especiales
Son impuestos específicos sobre propiedades, lotes individuales o todas las propiedades en el área contigua para la construcción de carreteras, aceras, alumbrado público, etc. (inglés: Special Assessments)
Tax
As applied to real estate, an enforced charge imposed on persons, property or income, to be used to support the State. The governing body in turn utilizes the funds in the best interest of the general public.
Title
As generally used, the rights of ownership and possession of particular property. In real estate usage, title may refer to the instruments or documents by which a right of ownership is established (title documents), or it may refer to the…
Title Insurance
Protects lenders or homeowners against loss of their interest in property due to legal defects in title. Title insurance may be issued to a “mortgagee’s title policy.” Insurance benefits will be paid only to the “named insured” in the title…
Title Search or Examination
A check of the title records, generally at the local courthouse, to make sure the buyer is purchasing a house from the legal owner and there are no liens, overdue special assessments, or other claims or outstanding restrictive covenants filed…
Título negociable
Es un título válido y libre de gravámenes cuestionables, nubes u otros defectos. Un título negociable (o comerciable) posibilita a un dueño vender su propiedad sin trabas a otras personas y se puede aceptar sin objeción. (inglés: Marketable Title)
Título
Como se entiende por lo general, título significa los derechos de propiedad (o ser propietario) y la posesiónde una propiedad particular. En cuanto al contexto inmobiliario, título puede referirse a (1) los instrumentos o los documentos que establecen un derecho de propiedad o (2) el interés…
Trustee
A party who is given legal responsibility to hold property in the best interest of or “for the benefit of” another. The trustee is one placed in a position of responsibility for another, a responsibility enforceable in a court of…
Two-Step Mortgages
A two-step mortgage is a mortgage that come in two different types. The first type is a convertible two-step which converts the loan to a fixed rate loan after a specified number of years. The second type is a non-convertible…
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VA Mortgage
A VA mortgage is a type of loan administered by the Department of Veterans Affairs and is available only to veterans of the U.S. Armed Forces. It allows a veteran to purchase a home with no money down and without…
Valor líquido (o Capital acumulado)
Representa el valor perteneciente al propietario de bienes raíces aparte de cargas y gravámenes. Se calcula el valor acumulado así: El saldo pendiente de la hipoteca (o sea, el total de lo que se debe)El valor total de gravámenes u otras deudas que haya sobre la propiedadSe…
Vivienda cooperativa
Un edificio de departamentos (o apartamentos) o un conjunto de viviendas que pertenece a una corporación, cuyos inversionistas son los residentes de las mismas viviendas. Una junta directiva electa opera la vivienda cooperativa por beneficio de los inversionistas/residentes. En una cooperativa, la corporación o asociación tiene el título de…
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Zoning Ordinances
The acts of an authorized local government establishing building codes, and setting forth regulations for property land usage.