[personal profile] fiefoe
A short list of keywords I noted down from Ken Roth's guide.
  • mold, lead, asbestos
  • 3 components of a contract: an offer, and acceptance, and consideration (extra burden placed on him as a party to the contract). 
  • tenants in common vs. tenants by the entirety
  • prorations and special assessment
  • remedies for default: damages vs. special performance
  • contracts of adhesion (developer's, not subject to negotiation) vs. an arm's length contract
  • deeded vs. assigned parking
  • limited common elements (exclusive right to use)
  • attorney during the closing process:title search (marketable title), insurance, preparation of the closing statement
  • deed: general warranty deed vs special warranty deed vs quit-claim deed
  • closing statement: HUD 1; stamps: the recording and transfer charges
  • mortages: buydowns / points (additional fees charged for costs associated w/ the loan) / yield spread payable to the broker

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fiefoe

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