See also Certificate of Title. Latin reservation for «Let him pay attention», a reservation is a written legal note registered against the title of a property and warning that a claim or interest has been invoked by a third party against the property. The registration of a reservation is only the notification of a claim and does not relate to the validity of the claim invoked. Mortgage Borrowers A person or organization that lends money secured by real estate for which they can receive certain payments under the mortgage agreement. See also lenders. When a real estate agent works as an intermediary, that agent helps the seller and buyer reach an agreement, but does not represent either the seller or the buyer in the transaction. In the purchase and sale agreement, schedule enough time to have a professional home inspection performed. Use references from friends, not the seller`s broker, to find your own inspector. If you are represented by a broker buyer 1.a.
Purchase transactions. After the ratification of a contract, a deposit of serious money received by the principal broker or supervisory broker or his collaborators is transferred to a fiduciary account until the end of the fifth day following ratification, unless the principals of the transaction have agreed otherwise in writing, and remains in that account until the transaction has been concluded or closed. . . .