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Appropriation-
is the private taking and use of public property, such as water from a river or lake
Condemnation
The process in which eminent domain is executed
Alienation (clause)
Means that the full loan is due and payable on demand
Also mean Conveyance
Accession
Addition to property by man or nature
Accretion
Addition from natural causes
Alluvion
Increase in earth from water
Reliction
Increase in earth from the withdrawal of water
Avulsion
Sudden loss of land from water
Abrogation
Rescinding or annulling a contract by mutual consent
Hypothecate
To place an item as collateral but to keep possession
Pledge
Deposit personal property as collateral
FHA Title 1
Only for Property improvement and mobile homes
Age-life method or straight line method
depreciation equal amounts of depreciation each year of economic life of building
Capitatilzation
converts income into value
Documentary Transfer Tax
55 cents per $500.00 less liens and ?
Unruh-- Business
Rumford Owners
Holden Lending
Article 7
Maximum commissions for 1st trust deeds $730K, 2nd $720K
Regulation Z
The right to rescind when the loan is secured by a lien against the consumer's existing principal dwelling.
Reg Z requires the lender/creditor to be responsible for furnishing Truth in Lending disclosures to the consumer
When is a lease valid ?
LAND
Length of time
Amount of rent
Names of the parties
Description of the property
Personal Property is generally?????
movable
What are Emblements?
They are a tenant's annual crops and they are considered personal property
Author
apraskopf
ID
19750
Card Set
RE
Description
Broker's Exam
Updated
2010-05-19T03:40:57Z
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