Lexicon
A change to the original contract or an addition to the contract
What is Amendments and Addendums?
Legal proceeding where an individual is unable to repay their outstanding debts and files a petition for relief
What is Bankruptcy?
Document verifying an LLC was legally formed and properly maintained
What is Certificate of Good Standing?
Document used when a judgment or lien is unable to ruled out with the same name as a seller of real property and seller claims is not theirs
What is a "Not Me" Affidavit?
Federal Tax Law that ensures Foreign Sellers pay income tax on the sale of Real Property in the US
What is FIRPTA?
Documents needed by an LLC to sell property
What is an Operating Agreement and Resolution?
Minimum amount of time a full title search must go back
What is 30 years?
When an individual passes away with a valid will in place
What is Testate?
Borrowing against the available equity in your home
What is a HELOC?
Document for an individual who wants to relinquish their interest in the property
What is a Quit Claim Deed?
Schedule B of items not covered by the policy
What are Exceptions?
Financing program in which a homeowner can take out a loan for a home improvement project in which they put up their home as collateral
What is a UCC?
Analysis and transfer administration of an Estate's assets previously owned by a deceased person
What is Probate?
Term used when title search only goes back to the date of the most recent title policy
What is Tacking?
Our Mission Statement
What is To Innovate the Stress out of Closings
or
To be the most responsive Real Estate Law Firm in the Country
Person responsible for holding Earnest Money
What is an Escrow Agent?
Includes membership information, management details, specification regarding signing authority
What is an Operating Agreement?
When an individual dies without a valid will
What us Intestate?
Name at least 4 out of our 8 core values