Tag: Certificates

Concept of Certificate of Sale in the context of Real Property A short definition of Certificate of Sale: Certificate issued to the buyer at a judicial sale (such as a tax sale), which will entitle the buyer to a deed upon confirmation of the sale by the court or if the land is not redeemed…

Concept of Certificate of Sale in the context of Real Property A short definition of Certificate of Sale: Certificate issued to the buyer at a judicial sale (such as a tax sale), which will entitle the buyer to a deed upon confirmation of the sale by the court or if the land is not redeemed…

Concept of Certificate of Title in the context of Real Property A short definition of Certificate of Title: In areas where attorneys examine abstracts or chains of title, a written opinion, executed by the examining attorney, stating that title is vested as stated in the abstract.

Concept of Certificate of Redemption in the context of Real Property A short definition of Certificate of Redemption: Evidence of redeeming (buying back) a property by the owner after losing it through a judicial sale. The time limit for redemption is set by statute.

Concept of Certificate of Eligibility in the context of Real Property A short definition of Certificate of Eligibility: A certificate obtained by a veteran from a Veteran’s Administration office which states that the veteran is eligible for a V.A. insured loan. There is a list of […]

Concept of Certificate of Deposit Index in the context of Real Property A short definition of Certificate of Deposit Index: One of the many indices that may be used for interest rate changes in an adjustable rate mortgage.

A certificate to evidence that a building has been constructed in accordance substantially with the approved plans and specifications.

A certificate to evidence that a building has been constructed in accordance substantially with the approved plans and specifications.

Certificate of Purchase in the context of Real Property See: Certificate of Sale in this legal Dictionary.

Concept of Certificate of Veteran Status in the context of Real Property A short definition of Certificate of Veteran Status: The evidence of eligibility given to a veteran by the VA. The certificate gives the veteran status to obtain certain loans with less money down.

Concept of Certificate of Reasonable Value in the context of Real Property A short definition of Certificate of Reasonable Value: A certificate giving the estimate of value on which to base a loan guaranteed by the Veterans Administration.

Concept of Certificate Backed Mortgage in the context of Real Property A short definition of Certificate Backed Mortgage: A variation of the buydown. The seller purchases a savings certificate (usually with the proceeds of the sale) from the lender. The lender sets the buyer’s interest […]