John Nazareno is an East Bay Real Estate agent serving Hercules, Pinole, Berkeley, Albany and El Cerrito, Contra Costa County Real Estate and Solano County Real Estate, selling residential houses and homes.
San Diego Real Estate|Bonita Real Estate|San Diego Homes for Sale San Diego real estate, Bonita real estate, La Jolla custom homes, Pacific Beach homes for sale, Ocean Beach properties, Chula Vista real estate, El Cajon condos, Eastlake and more. Kerry Blanchard sells San Diego properties and custom homes
ASSUMPTION OF MORTGAGE . The taking of a title to property by a
grantee wherein grantee assumes liability for payment of an existing note
secured by a mortgage or deed of trust against the property, becoming a co-
guarantor for the payment of a mortgage or deed of trust note.
ATTACHMENT . The process by which real or personal property of a party to
a lawsuit is seized and retained in the custody of the court for the purpose of
acquiring jurisdiction over the property, to compel an appearance before the
court, or to furnish security for a debt or costs arising out of the litigation.
ATTEST . To affirm to be true or genuine; an official act establishing
authenticity.
ATTORNEY IN FACT . One who is authorized by another to perform certain
acts for another under a power of attorney; power of attorney may be limited to
a specific act or acts or be general.
AVULSION . A sudden and perceptible loss of land by the action of water
as by
a sudden change in the course of a river.
BACKFILL . The replacement of excavated earth into a hole or against a
structure.
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Ventura County Real Estate by Maggie Hood: Specializing in the beautiful Ventura area, including Oxnard, Camarillo, Ojai, Santa Paula and Fillmore. From ocean view homes to oceanfront, first time home buyers to savvy investors. This site features a direct link to homes for sale in western Ventura County, as well as links to various local organizations. Http://www.maggiehoodhomes.com is your one-stop-shopping website in all of Ventura! With 17 years of experience, I offer first class service, honesty and integrity. Contact me for all your real estate needs. I sell homes, condos, income property, land and mobile homes.
BALANCE SHEET . A statement of the financial condition of a
business at a
certain time showing assets, liabilities, and capital.
BALLOON PAYMENT . An installment payment on a promissory note -
usually the final one for discharging the debt - which is significantly larger
than
the other installment payments provided under the terms of the promissory note.
BARGAIN AND SALE DEED . Any deed that
recites a consideration and
purports to convey the real estate; a bargain and sale deed with a covenant
against the grantor.s act is one in which the grantor warrants that grantor has
done nothing to harm or cloud the title.
BASE AND MERIDIAN . Imaginary lines used by surveyors to find and
describe the location of private or public lands. In government surveys, a base
line runs due east and west, meridians run due north and south, and are used to
establish township boundaries.
BASIS . (1) Cost Basis.The dollar amount assigned to property at the
time of
acquisition under provisions of the Internal Revenue Code for the purpose of
determining gain, loss and depreciation in calculating the income tax to be paid
upon the sale or exchange of the property. (2) Adjusted Cost Basis.The cost
basis after the application of certain additions for improvements, etc., and
deductions for depreciation, etc.