Subject To at Real Estate Glossary
What is it? The recognition by a buyer of conditions (such as a prior loan), which are not the buyers legal responsibility.Real Estate Definition Added By: Zoe
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Real Estate Term Debit is A charge on an accounting statement or balance sheet (appearing on the left-hand column); the opposite of a credit. Used in bookkeeping and in preparing the closing statement in a real estate transaction.Real Estate Term Equalization is In some jurisdictions, when it is necessary to correct inequalities in state wide tax assessments, an equalization factor is used to achieve uniformity. An equalization factor may be applied to raise or lower assessments in a particular district or county
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