A closure document, issued by a state environmental agency, indicates the successful remediation of a contaminated site, ensuring no further action or legal liability is required for environmental cleanup.
Fraud in real estate involves the intentional use of deception for financial gain, leading to losses for another party. Understanding how to identify and address fraud is crucial in protecting one's investment.
A Hold Harmless Clause in a contract is a provision by which one party agrees to protect another party from claims, lawsuits, or any legal liabilities arising from a specific situation or activity.
Standard of care refers to the level of diligence, caution, and professionalism expected from real estate brokers, agents, and appraisers in their professional activities.
Acquiring property with an existing mortgage, but the buyer does not become personally liable for the debt. Contrasted with assumption of mortgage.
