Limited right to cross or use for some specified purpose the property of another. It may be permanent or temporary. Water, sewage, and utility suppliers frequently hold an easement across private property.
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Earnest money deposit
Money that accompanies an offer to purchase as evidence of good faith. It is almost always a personal check, certified check, or money order rather than cash.
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Stipulation in a contract that allows a buyer or seller to cancel the contract in the event of a certain specified occurrence.
An offer made in response to an earlier, unacceptable one; it terminates the original offer.
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Real estate loan that is not insured by the FHA or guaranteed by the VA.
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