With the contantly changing Indianapolis Real Estate market you need to be more comfortable with the real estate process. As a tool I am sharing real estate terms and their meaning.
As a aid to buyers and sellers I provide daily real estate terms for buyers and sellers of Indianapolis Real Estate. The terms are listed daily for your benefit.
Dry rot – A fungal decay that causes wood to become brittle and crumble.
and
Subject to mortgage – A grantee taking title to real property “subject to mortgage” is not personally liable to the mortgagee for payment of the mortgage note. In the event the grantor mortgagor defaults in paying the note, the grantee could, however, lose property, and thus his equity, in a foreclosure sale. mortgagor defaults in paying the note, the grantee could, however, lose property, and thus his equity, in a foreclosure sale.
Serving the communities of
Marion County, Townships of, Center Township, Decatur Township, Franklin Township, Lawrence Township, Perry Township, Pike Township, Warren Township, Washington Township, Wayne Township
A complete list of terms may be found at Indianapolis Real Estate Glossary Terms. The Glossary will aid you in the process of buying or selling your next home.
Serving the cities of
Greenfield, Homecroft, Indianapolis, Noblesville, Plainfield, Southport, Speedway, Westfield, Whiteland, Zionsville
As a licensed REALTOR with EDU Real Estate Group in Indianapolis, Indiana. I offer a buyer rebate when you purchase your next home using my services.
Chris Frantz
EDU Real Estate Group
7117 US 31 south Indianapolis, IN 46227
Indianapolis Real Estate
Serving the Communities of Speedway Real Estate
Serving the Communities of Zionsville Real Estate
