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Unfortunately today more and more people are facing all sorts of difficult financial situations. You may be facing any of the following problems: foreclosure, layoffs, divorce, inherited an unwanted house, IRS liens, probate, judgements, relocation, making two payments, or just need to sell your ugly house or distressed property fast. It may be comforting for you to know that you're not alone.

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    • TOPICAL REAL ESTATE DICTIONARY


    Top 20 Terms
    Agents
    Buying
    Closing
    Contract
    Credit
    Inspection
    Law
    Financing
    Selling
    Taxes/Insurance
    		Contract

    acceptance
    The seller's written approval of a buyer's offer.

    addendum
    An addition or change to a contract.

    backup offer
    A secondary bid for a property that the seller will accept if the first offer fails.

    contingency
    A condition specified in a purchase contract, such as a satisfactory home inspection.

    contract to purchase
    A contract the buyer initiates which details the purchase price and conditions of the transaction and is accepted by the seller. Also known as an agreement of sale.

    counteroffer
    A response to an offer.