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Earnest Money -
Deposit money used to secure the purchase the sale of a property.
Easement -
Permitted access to a property. Sometimes used for access to another
property or utilities.
Entitlement -
See VA loan.
Eminent Domain -
Government forced sale of a property. Owner of property to be paid
a reasonable and fair amount for the property.
Equal Credit Opportunity Act (ECOA) -
Federal law that prohibits borrower discrimination against race, age, sex,
and religion.
Equity -
The market value of a property minus all outstanding debts.
Escrow -
A third party account used for the temporary holding of funds.
Generally used for taxes and earnest money.
Estate -
The ownership interest an individual holds in real property. This includes
all real property and personal property owned.
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