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Covenants & Restrictions

AB - CD - EF - IJ - PQ - ST - Z

False Personization: purporting to be someone other than who you are.

Fee Simple: absolute title to land which one can pass to another by deed, will or inheritance.

Federal Tax Lien: a lien attaching to the property for non-payment of a federal tax.

Forgery: false signature or material alteration with the intent to defraud.

Fraud: intentional use of deceit to deprive others of money, property, or a legal right

General Warranty Deed: a deed to real property which guarantees that the seller owns clear title which can be conveyed.

Grantee: the party who receives title in real property, the buyer.

Grantor: the party who conveys property, the seller.

Hazard Insurance: protects against loss to real estate by fire, vandalism etc. per the terms of the policy.

Heir: one who acquires property upon the death of another based on the rule of descent and distribution by way of law rather than a will.

Hidden Defect: or hidden risk, any encumbrance which may or may not be apparent from reading the deed, and which is not apparent in public records.

HUD Settlement Statement: the US Department of Housing and Urban Development standardized Settlement statement which reflects the breakdown of costs involved in the real estate sale/purchase.

Insurable Title: a land title which an insurance company is willing to insure.