| A | B |
|---|
| Real property | Land and whatever is attached to it |
| Personal property | Property which can be moved and is not affixed to land |
| Title insurance | Insurance that protects its holder from any loss as a result of defective title |
| Tenancy by the entirety | Form of joint ownership of property by spouses |
| Tenancy in common | Ownership rights pass to heirs |
| Offer | Proposition to do something |
| Conveyance | Transfer title to property from one party to another |
| Closing | Finalization of real estate transaction |
| Deed | Instrument of conveyance |
| Assignment | Transfer of tenant's lease rights |
| Closing costs | Fees for real estate transaction |
| Earnest money | Buyer's money for serious offer |
| Eminent domain | Power of the gov't to take property |
| Lease | Rental contract |
| Quiet enjoyment | Landlord's covenant that tenant may enjoy premises without third party interference |
| Joint tenancy | Ownership with right of survivorship |
| Community property | Property held jointly by a husband and wife |
| Chattel | Personal property |
| FHA | Federal Housing Authority |
| VA | Veteran's Administration |
| HUD | Housing and Urban Development |
| fee simple | Absolute ownership of real property |
| Foreclosure | To shut out; termination of rights of the mortgagor |
| Mechanic's or materialman's lien | Lien filed by someone who has provided materials or labor |
| RESPA | The federal Real Estate Procedures Act of 1974 which requires lenders to provide home mortgage borrowers with information about known or estimated |
