Agoura Hills, Calabasas and Oak Park real estate and homes for sale in California, horse property, new construction - Tina Weinstein & Associates, REALTORS® Tina Weinstein & Associates REALTORS(r) for Agoura Hills, Calabasas and Oak Park, California real estate, horse property, new construction - NUMBER1EXPERTS™ Tina Weinstein & Associates NUMBER1EXPERTS(tm) for Agoura Hills, Calabasas and Oak Park, California real estate, horse property, new construction
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Tina Weinstein & Associates, REALTOR®, real estate agents and broker for Agoura Hills, Calabasas and Oak Park California home listings, property and land for sale - NUMBER1EXPERT(tm)
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Real Estate Dictionary: Agoura Hills, Calabasas and Oak Park California home buying, real estate listings, and homes for sale in Ventura County, CA
Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

S

Sales comparison approach

The method of evaluating a property's value by comparing it to actual sales prices and values of comparable properties

Sale-leaseback

A transaction in which a seller deeds property to a buyer for a consideration, and the buyer simultaneously leases the property back to the seller

SBA

Abbreviation for the Small Business Administration

Second mortgage, or junior mortgage

A mortgage whose claim to repayment is of lesser priority than another, previously recorded mortgage, usually or shorter term and often at higher interest

Secondary market

Agents or agencies that buy mortgages from primary lenders, usually at discounted prices, to sell to investors

Section, or Section of land

A parcel of land measuring one square mile or 640 acres

Set Back Lines

The distance designated by zoning regulations that is required between the perimeter of a property and where structures can be positioned

Secured loan

A loan guaranteed by collateral

Security

The property pledged as collateral for a loan or mortgage

Seller take-back

A contract whereby the seller of a property provides financing, sometimes as part of an assumable mortgage

Severalty, or Sole ownership

Ownership of real property by only one individual

Special assessment

An additional tax imposed by the government against specific parcels of real estate that will benefit from a public improvement, such as a street

Special warranty deed

An agreement whereby the current owner/seller guarantees he has done nothing that would impair or cloud title, but does not make any guarantee for what occurred prior to his ownership of the property

Specific performance

A legal action that requires a party to honor the terms of a contract

Statute of limitations

The time period allowed for the filing of a legal suit to enforce a claim, after which any such claims are barred

Step-rate mortgage

A loan that allows for the interest rate to increase in increments according to a designated schedule for a specified period of time, at the end of which, the interest rate returns to a constant percentage

Subagent

An individual or party who is employed by someone already acting as an agent

Subdivision

A tract of property that is divided into streets and individual lots

Subject to

Taking ownership of a property with a lien (legal claim or charge) against it, but not assuming responsibility for the said lien, while the holder who forecloses the lien can take the property, but may not collect money from the owner who took "subject to"

Subsidized second mortgage

An alternative financing option for low- and moderate-income households, issued by a state or county housing foundation, agency or nonprofit corporation, whereby the buyer can purchase a first mortgage with a subsidized second mortgage behind it; payment on the second mortgage is often deferred and carries a low or no interest rate, and a portion of the mortgage may be forgiven incrementally for each year the buyer resides in the home

Survey

The process of determining property areas, by measuring its dimensions, lot lines and other physical features
Also, the map that results from such measurements taken

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



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Tina Weinstein & Associates, REALTOR®, real estate agents and broker for Agoura Hills, Calabasas and Oak Park California home listings, property and land for sale - NUMBER1EXPERT(tm)

Tina Weinstein & Associates
Troop Real Estate

947 E. Thousand Oaks Blvd
Thousand Oaks, CA 91360
Cell: 805-338-1939
Office: 805-214-3410
Fax: 805-214-3480
Email: [email protected]

Tina Weinstein & Associates is the premier real estate team of the Conejo Valley. With years of combined experience in real estate, loans, and marketing; you can be sure that buying or selling a home with us will be a smooth and professional experience. Allow us to show you Agoura!

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) of the Conejo Valley Multiple Listing Service. Real estate listings held by brokerage firms other than Rapattoni Corporation are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information has not been verified, is not guaranteed, and is subject to change.


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