A computer-based service that provides real estate professionals with detailed listings of most homes currently on the market. Much of the information can now b... (more...)

A computer-based service that provides real estate professionals with detailed listings of most homes currently on the market. Much of the information can now be obtained by the public through websites like www.realtor.com.

ASYLUM

A legal status granted to an individual who is in the United States and fears political persecution if he or she is forced to return to their home country.

USUFRUCT

The right to use property -- or income from property -- that is owned by another.

SHARED EQUITY MORTGAGE

A home loan in which the lender gets a share of the equity of the home in exchange for providing a portion of the down payment. When the home is later sold, the... (more...)

A home loan in which the lender gets a share of the equity of the home in exchange for providing a portion of the down payment. When the home is later sold, the lender is entitled to a portion of the proceeds.

BEQUEST

The legal term for personal property (anything but real estate) left in a will.

RUNNING WITH THE LAND

A phrase used in property law to describe a right or duty that remains with a piece of property no matter who owns it. For example, the duty to allow a public b... (more...)

A phrase used in property law to describe a right or duty that remains with a piece of property no matter who owns it. For example, the duty to allow a public beach access path across waterfront property would most likely pass from one owner of the property to the next.

TESTAMENTARY DISPOSITION

Leaving property in a will.

REAL PROPERTY

Another term for real estate. It includes land and things permanently attached to the land, such as trees, buildings, and stationary mobile homes. Anything that... (more...)

Another term for real estate. It includes land and things permanently attached to the land, such as trees, buildings, and stationary mobile homes. Anything that is not real property is termed personal property.

APPRECIATION

An increase in value. Appreciated property is property that has gone up in value since it was acquired.

SAMPLE LEGAL CASES

Marbob Energy Corp. v. OIL CONSERVATION COM'N

... As a result, our analysis is one of statutory construction, and we review the district court's decision upholding Rule 1227 de novo. See NM Indus. ... {7} Statutory construction is a question of law. State v. Romero, 2006-NMSC-039, Â¶ 6, 140 NM 299, 142 P.3d 887. ...

Primetime Hospitality, Inc. v. Albuquerque

... (Primetime) had begun constructing a hotel on its Albuquerque property when it accidentally ruptured an encroaching City of Albuquerque (the City) waterline, causing it to incur excess construction costs and delaying the hotel's opening. ... C. EXCESS CONSTRUCTION COSTS. ...

Tafoya v. Rael

... Valerie TAFOYA, as personal representative of the Estate of Phillip Tafoya Jr., Plaintiff-Petitioner, v. Jason RAEL and Wilfred Rael, d/b/a Rael Excavation & Co., and Thomas Tafoya, d/b/a Chuby's Construction, Defendants-Respondents. No. 30,568. ...

Gila Construction Lawyer, New Mexico

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LEGAL TERMS

MULTIPLE LISTING SERVICE (MLS)

ASYLUM

USUFRUCT

SHARED EQUITY MORTGAGE

BEQUEST

RUNNING WITH THE LAND

TESTAMENTARY DISPOSITION

REAL PROPERTY

APPRECIATION

SAMPLE LEGAL CASES

Marbob Energy Corp. v. OIL CONSERVATION COM'N

Primetime Hospitality, Inc. v. Albuquerque

Tafoya v. Rael

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