USUFRUCT
Usufruct is a legal right that allows a person or party that has been given a provisional right to use, acquire income, and benefit from a property that is not his/her/their own. A usufruct is typically deliberated for a specified length of time or until the death of the owner. The person or party given the temporary right is referred to as usufructuary and he/she/they may have the right to utilize the property, however, he/she/they may not damage, destroy, or get rid of the property.
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A-B Split
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Cancellation
Notification by a broker advising his or her client that an incorrect exchange deal was conducted and that the activity is being pointed out. For e ...
Kicker Pattern
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UFMI
Up-Front Mortgage Insurance (UFMI) is an insurance premium. It is usually collected at the time of the conception of the loan on Federal Housing Ad ...
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