Real Estate
Glossary
This glossary has been provided to help Colorado Springs
homebuyers understand the unique language
of the real estate business.
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | Y | Z Earnest
Money Deposit:
Earnest money deposit is the down payment that is made by a purchaser
of real estate to show that he or she is serious about buying
the house.
Eminent Domain:
Eminent domain is the right of a government to acquire private
for public use on the payment of its fair market value. It is
the basis for the condemnation proceeding.
Encroachment:
Encroachment is the presence of an improvement like a wall, a
fence or other fixture which overlaps onto the property of an
adjoining owner.
Equity:
Equity is a homeowner's financial interest in a property. The
difference between the fair market value of the property and
the amount still owed on its mortgage and other liens is equity.
Escrow:
Escrow is an item of value, money, or documents which is deposited
with a third party to be delivered upon the fulfillment of a
condition. For instance, the earnest money deposit is put into
escrow until delivered to the seller when the transaction is
closed
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | Y | Z
| 
