New York Real Estate Glossary F
(Footing - FSBO)
A1 | A2
| A3 | A4 | B1 | B2 | B3
| C1 | C2 | C3
| D1 | D2 | E1
| E2 | F1 | F2
| F3 |
G1 | G2 | H1
| H2 | I1 | I2
| J | K | L1
| L2 | L3 | M1
| M2 | M3 | N
| O1 | O2
| P1 | P2 | Q
| R1 | R2 | S1
| S2 | T1 | T2
| U | V1 | V2
| W1 | W2 | X
| Y | Z
The base or bottom of a foundation pier, wall, or column that is usually
wider than the upper portion of the foundation. The added width at the
bottom spreads the load over a wider area.
A policy of restraint in taking legal action to remedy a default or
other breach of contract, generally in the hope that the default will
be cured, given additional time. Actions a lender may take to delay
foreclosure or legal action against a delinquent borrower.
Strength, energy or power needed to accomplish a certain act.
The device normally used to unclog toilets, consisting of a long handle
with a rubber cup on the end. When the cup is fitted over the drain
and pushed toward the drain by pressure exerted on the handle, the air
in the cup is compressed and force is exerted on the obstruction in
the drain and pushes it through to clear the pipe. This is also referred
to as a plumber's friend or a plumber's helper.
Using force to fit together objects which are close to the same size.
An unavoidable cause of delay or of failure to perform an obligation
in time due to an unpreventable, overwhelming and irresistible force.
A clause is often added to a contract to provide indemnification should
an Act of God delay completion past the contractual deadline.
Forced Air Heating System (Forced Hot Air)
A heating system that circulates warm air, from a heat source, through
the ducting by means of a blower fan.
Sale of property where the seller is under duress and is unable to allow
current market prices and conditions determine the selling price.
Legal process in which a lender ends the borrower's interest in a property
after a loan is defaulted.
Estate in which ownership is for an indeterminate length of time. Unlimited
interest in a property. Freehold estates include freehold in deed, a
fee simple estate; freehold in law, an inheritable estate; and determinable
freeholds, a life estate.
FSBO (For Sale By Owner)
Homeowner acting as salesperson for his own property. No listing commission
is paid but a sales commission may be paid to a buyer's agent.