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Word |
Definition |
| Fee Simple |
An estate under which the owner is entitled to unrestricted powers to dispose of the property, and which can be left by a will or inherited. |
| Fixed Rate Mortgage |
A mortgage for which the interest rate is set for the term of the loan. |
| Foreclosure |
A proceeding, in or out of court, to extinguish all rights, title, and interest, of the owner(s) of property in order to sell the property to satisfy a lien against it. |
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