B Horizon
The horizon (layer of soil) beneath the top layer The composition of the B horizon is changed by the action of percolating water
B Horizon
The horizon (layer of soil) beneath the top layer. The composition of the B horizon is changed by the action of percolating water.
B.T.U.
Back Points
Points paid to a mortgage broker by a lender which exceed the points paid by the borrower
Back Points
Points paid to a mortgage broker by a lender which exceed the points paid by the borrower.
Back Title Letter
In states where attorneys examine title for title insurance purposes, this letter is given by a title insurance company to an attorney, giving to …
Back Title Letter
In states where attorneys examine title for title insurance purposes, this letter is given by a title insurance company to an attorney, giving to said attorney the condition of title as of a certain date. The attorney then begins his examination as of that date. Also called a starter or back title certificate. See also: Starter.
Backfill
To replace ground removed by excavation for construction Used to brace a structure (especially a foundation or footings)
Backfill
To replace ground removed by excavation for construction. Used to brace a structure (especially a foundation or footings).
Backup Offer
A secondary offer to buy property, used in case the first (primary) offer fails A backup offer is especially useful when the primary offer …
Backup Offer
A secondary offer to buy property, used in case the first (primary) offer fails. A backup offer is especially useful when the primary offer contains difficult contingencies.
Backwater
Water in a stream or river which, because of a dam or other obstruction, is stopped in its course or flows back toward its …
Backwater
Water in a stream or river which, because of a dam or other obstruction, is stopped in its course or flows back toward its source.
Backwater Valve
A valve set in a lateral sewer line which automatically prevents sewage from flowing back to its source (a building)
Backwater Valve
A valve set in a lateral sewer line which automatically prevents sewage from flowing back to its source (a building).
Balance
An appraisal term meaning that value of real property is best sustained when opposite influences (eg supply and demand) are equal
Balance
An appraisal term meaning that value of real property is best sustained when opposite influences (e.g. supply and demand) are equal.
Balance Due Date
See: Installment Note, Balance Due Date
Balance Due Date
See: Installment Note, Balance Due Date.
Balance Sheet
A statement of the assets and liabilities of a company to determine its net worth (equity)
Balance Sheet
A statement of the assets and liabilities of a company to determine its net worth (equity).
Balanced Exchange
A tax free exchange of properties under Section 1031 of the Internal Revenue code To be tax free the taxpayer must invest all of …
Balanced Exchange
A tax free exchange of properties under Section 1031 of the Internal Revenue code. To be tax free the taxpayer must invest all of the profit from the relinquished property into the replacement property. See also: Boot.