--Advance
payment of part of the purchase price to bind a contract for property.Easement--An interest in land owned by another that entitles its holder to a specific limited use, such as laying a
sewer, putting up electric power lines, or crossing the property.
Egress--The right to leave a tract of land. "Often used interchangeably with access." (See Access)
Eminent
Domain-The power of the state to take private property for public use upon payment of just compensation.
Encroachment--A fixture, such as a house, wall or fence, which intrudes upon
another's property.
Encumber--To burden a parcel of land with a lien or charge such as a mortgage.
Encumbrance--A lien, liability or charge upon a parcel of land.
Escheat--A reversion of property to the state in those cases where an individual dies without heirs or devisees and without a will.
Escrow--A procedure whereby a
disinterested third party handles legal documents and funds on behalf of a seller and buyer.
Estate--A person's possessions.
Examination of Title--The interpretation of the record
title to real property based on the title search or abstract.
Exception--In legal descriptions that portion of lands to be deleted or excluded. "The term is often used in a different
sense to mean an objection to title or encumbrance on title."
Executor--A person appointed by the probate court to carry out the terms of a will. "The term is executrix if such a
person be a woman."
Extended Mortgage--One in which due date of mortgage is extended for longer period. Often at higher interest rate than original mortgage.
