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Administrator/administratrix
| Глоссарий в сфере недвижимости и ипотеки |
A man/woman appointed by a court to settle the estate of a deceased person when there is no will. contrast with executor/executrix.
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Deed in lieu (of foreclosure), английский
A means of escaping an overly burdensome mortgage. if a homeowner can’t make the mortgage payments and can’t find a buyer for the house, many lenders will accept ownership of the property in place of the money owed on the mortgage. even if the lender won’t agree to accept the property, the homeowner can prepare a quitclaim deed that unilaterally transfers the homeowner’s property rights to the lender.
Village acre, английский
A lot size used in the houston area to denote a 40,000 square foot parcel. in the memorial villages of bunker hill, hedwig, hillshire, hunter’s creek, piney point and spring valley, lot sizes are often expressed in village acres or a fractions of village acres. the term was coined by developers who successfully lobbied for slightly smaller, minimum lot size requirements, in the cities’ zoning regulations.
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