Value Investment Group

Value Investment Group helps you increase your real estate vocabulary. Here are some commonly used words of the trade.

Appraisal: A report made by a qualified person as to the value of a property as of a given date.

Certificate of title: A statement that shows ownership of property, stating that the seller has a clear legal title.

Deed: A legal written document by which title to property is transferred.

Default: Failure to fulfill the terms as agreed to in the mortgage or note.

Equity: The difference between the market value of a home and what is owed to the mortgage company.

Foreclosure: A legal procedure in which property used as security for a debt is sold to satisfy the debt in the event of a default in payment of the mortgage note or default of other terms in the mortgage document.

Lien: A legal claim on property used as security for a debt.

Lis Pendens (Latin for "litigation pending"): Notice of suit that a court case has been filed involving real estate.

Quitclaim deed: A deed releasing all of a person’s interest in a property or land; by accepting such a deed, the buyer assumes all the risks.

Warranty deed: An instrument conveying title to real estate. Document makes positive representations as to validity of Grantor's title to real estate.