13.2 vocab

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Across
  1. 3. Difference between the market value of property and the amount owed on it
  2. 4. that limit a buyers liability in case one or more of them are not met
  3. 7. Written report that details the existing conditions of the house and property
  4. 10. Formal agreement to the term of the buyers offer, forming a contract between the parties
  5. 11. Rejection of the original offer with a listing of what terms would be successful
Down
  1. 1. An offer to buy property accompanied by a deposit
  2. 2. Policy that protects buyer from any claims arising from a defective title
  3. 5. Process of determining how much money you are qualified to borrow
  4. 6. Home value set annualy by city or country in which you live for purposes of computing property taxes owed against your home
  5. 8. Independent person who gathers and verifies info, prepares closing statement, and makes sure title passes to buyer
  6. 9. Legally established ownership to property