Michael Petruccelli says; A person named in a will to administer an estate. The court will appoint an administrator
if no executor is named. "Executrix" is the feminine form.
May 5, 2012
Michael Petruccelli asks; What is exclusive listing?
Michael Petruccelli says; A written contract that gives a licensed real estate agent the exclusive right to sell a
property for a specified time.
Michael Petruccelli asks; What is examination of title?
Michael Petruccelli says; The report on the title of a property from the public records or an abstract of the title.
May 1, 2012
Michael Petruccelli asks; What is the Fannie MAe (FNMA)?
Michael Petruccelli says; The Federal National Mortgage Association, which is a congressionally chartered, shareholder-owned company that is the nation's largest supplier of home mortgage funds. For a discussion of the roles of Fannie Mae, Freddie Mac (FHLMC), and Ginnie Mae (GNMA), see the Library.
Michael Petruccelli asks; What is the Fair Market Value?
Michael Petruccelli says; The highest price that a buyer, willing but not compelled to buy, would pay, and the lowest a seller, willing but not compelled to sell, would accept.
Michael Petruccelli asks; What is the Fair Credit Reporting Act?
Michael Petruccelli says; A consumer protection law that regulates the disclosure of consumer credit reports by consumer/credit reporting agencies and establishes procedures for correcting mistakes on one's credit record.
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