Land property estate contingent upon the occurrence or lace of occurrence of a particular event whereupon it can be created, augmented or dismantled.
Estimate
An appraisal value of property, an approximation of market values. Alternately, to calculate the approximate computation of the cost of completion of construction.
Estimated closing costs
An estimate of the expenses incidental to the sale of real estate, including loan, title, and appraisal fees. These costs exist in addition to the price of the property and are paid at closing. Some are one-time expenses and some are recurring.
Estimated hazard insurance
An estimate of hazard insurance, known as homeowner's insurance or fire insurance, to cover physical damage such as from fire and wind. Coverage is usually required to equal the replacement value of the home.
Estimated property taxes
An estimate of property taxes to be paid. Amount is based on local tax rates and assessed property value (based on most recent sale price plus assessment updates).
Estimated taxes and insurance
Calculation, used by lender, of estimated taxes and insurance, which is used to evaluate a borrower's effective monthly housing expense.
Estoppel
Prevention of a person from making a statement of affirmation or denial because it is contrary to a previous statement. The barring of an act.
Estoppel by deed
Restraining a person or business from denying an appropriate conveyance of property
Estoppel certificate
Mortgagor's signed statement that the stated remaining balance of a mortgage is correct and it is a property lien, which later prevents him/her from stating that the facts were misrepresented, therefore making the mortgage invalid.
