of Sale Known as many names, purchase agreement, purchase contract,
or sales agreement. This is a contract in which a seller agrees to sell and a
buyer agrees to buy, under certain terms and conditions spelled out in writing
and signed by both parties.
Clause Condition in a mortgage that may require the balance of the
loan to become due immediately, if regular mortgage payments are not made.
A payment plan which enables the borrower to reduce his debt gradually
through monthly payments of principal.
An expert judgment or estimate of the quality or value of real estate on a given
information on this web site is deemed to be correct but is not guaranteed. All
properties or information contained on this site are subject to prior change,
modification, sale or withdrawal from the market. ©Copyright 1999 Realty
Professionals. All Rights Reserved.