Property Description
How property is technically identified.
What is a LEGAL DESCRIPTION?
Any change in listed price or change in the original listing agreement shall be made only when authorized by the seller and shall be filed with MLS within ___hours.
What is 24?
In order to qualify for a VA Loan for service in the National Guard, you must have served at least this many years.
What is 6?
This is a way to allow someone to continue possessing a home until their death.
What is a LIFE ESTATE?
What zip code has the highest short-term rental income in St. Joseph County?
What is 46617?
The smallest subdivision of property in a plotted piece of land. A house usually sits on one of these.
What are LOTS?
When a contractor offer on any property filed with the MLS has been accepted, the status of the property must be changed in the computer within ____ hours.
What is 24?
The National Housing Act created this type of loan in 1934.
What is a FHA LOAN ?
A deed to relinquish any interest in property that the grantor may have.
What is a QUITCLAIM DEED?
What divides zip codes 46545 and 46544?
What is the ST JOSEPH RIVER?
A group of lots in a plotted piece of ground. 10 of these equals 1 mile.
What is a BLOCK?
New listings must be submitted to MLS within ___ hours.
What is 48?
One of the most common types of mortgages with a wide variety of down payment options.
What is a CONVENTIONAL MORTGAGE? (Insured conventional mortgage is accepted too)
This deed is issued by the Auditor's Office.
What is a TAX DEED?
What are the 2 zip codes that are in both St. Joseph and Elkhart Counties?
What are 46530 and 46561? (Granger and Osceola)
A line running east and west as set by the US Survey System in 1785.
What are BASE LINES?
When a counteroffer is made this is the status of the original offer.
What is void or revoked?
This type of loan gives you money to purchase and money to fix up all bundled in one mortgage.
What is a REHAB / RENOVATION LOAN / 203K STREAMLINE?
A deed for which the consideration is love and affection and where there is no material consideration.
What is a GIFT DEED?
What South Bend zip code has the highest crime rate?
What is 46613?
A legal description that measures property using compass directions and natural and artificial fixed objects. Example: The Southeast Quarter of Section #27 North of the Ohio River. South 35 degrees east 18.9 perches to a post
What is METES (compass directions) and BOUNDS (natural & artifical fixed objects)?
TRUE OR FALSE - A mobile home listing excluding the land it sits upon can be listed in the MLS.
What IS FALSE?
This short-term loan is used to secure permanent financing by using current equity or to remove an existing obligation.
What is a BRIDGE LOAN? (SWING LOAN)
Name the parties: 1. The person transferring ownership and 2. The person to whom the ownership is given
Who is 1. Grantor 2. Grantee?
This is the zip code for Notre Dame, Indiana.
What is 46556?