Conditional Commitment at Real Estate Glossary

What is it? A promise by a lender to make a loan if the borrower meets certain conditions.

Real Estate Definition Added By: Isabelle

Send To Friends!

If you'd like to send the Conditional Commitment definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Conditional Commitment. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Real Estate Terms:

Real Estate Term After-Acquired Title is Title or interest acquired by the grantor after a property has been conveyed. (See grantor)

Real Estate Term Agent is A person licensed by the state to conduct real estate transactions.

Real Estate Term Oil And Gas Lease is A grant of the sole and exclusive right to extract oil and/or gas from beneath the surface of land. Such a lease is generally for a designated term of years and is subject to a payment of royalties in the event of production, the commencement of drilling

Real Estate Term Blanket insurance policy is A policy that covers more than one person or piece of property.

Real Estate Term Material Fact is Any fact that is relevant to a person making a decision. Agents must also disclose to buyers material facts about the condition of the property, such as known structural defects, building code violations and hidden dangerous conditions. Brokers are often