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In real estate language this means that there is no active listing for the condominium, advertising it for sale.

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Q: When a condo is off the market in real estate language what does this mean?
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What does static real estate market mean?

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What does off the market in real estate mean?

What does off the market really mean does it mean that the house is sold or is awaiting to be closed on.


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What does BOM mean in real estate financing?

IT is not common to see BOM being used in real estate financing, it is a commonly used abbreviation for "Back On Market." This could be because the financing fell through, causing the seller to put it back on the market.


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What does take title as to the Remainder in fee mean?

That type of legal language indicates that someone has been granted a life estate in the property and at their death the absolute ownership or the fee will pass to someone else free and clear of the life estate.


What does Quelah mean?

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What does it mean when a condo is in a foreclosure?

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I don't believe this question is worded correctly. Do you mean that your husband is about to LOSE the condo due to hisbeing foreclosed on? If so: The mortgage company cannot seize money from his checking, Social Security, or Retirement accounts. However, they can being suit against him for the money he legally owes them by virtue of the real estate contract and mortgage.


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