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Top articles: | Orange County is one of the most attractive stretches of the Southern California coast, especially a... |
| | » NC » Rental property | 02/18/2010 | | | | Ancient architectures are probably the most delightful monuments to gaze at but have you ever viewed... |
| | » CA » Home buying | 02/11/2011 | | | | You could have saved cash for a long time and are now taking into consideration Buying a Dwelling fo... |
| | » IL » Home buying | 02/03/2011 | | | | Share If you have ever faced a property foreclosure on one or more of your properties, you more tha... |
| | » OH » Home selling | 02/14/2011 | | | | Ohio is a judicial or in court only foreclosure state. This means that the bank must petition a judg... |
| | » OH » Foreclosure | 05/02/2008 | | | | » Read all articles |
| OptionThe right to purchase or lease property within a pre-determined time at a specific price. There is no obligation to purchase, but the seller is obligated to sell if the option holder exercises the right to purchase. For the option to be valid, it must include consideration (i.e. earnest money). See also:OfferOpen End LoanOpen ListingOptionOrigination FeeOwner Financing Real Estate Glossary |
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