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The Interstate Land Sales Full Disclosure Act of 1968 ( ILSFDA or ILSA or "Act") was an act of Congress passed in 1968 to facilitate regulation of interstate land sales, to protect consumers from fraud and abuse in the sale or lease of land. The Act was patterned after the Securities Act of 1933 and required land developers to register ...
HUD-1 Settlement Statement. The HUD-1 Settlement Statement is a standardized mortgage lending form in use in the United States of America on which creditors or their closing agents itemize all charges imposed on buyers and sellers in consumer credit mortgage transactions. The HUD-1 (or a similar variant called the HUD-1A) is used primarily for ...
Qualla Boundary. The Qualla Boundary or The Qualla is territory held as a land trust by the United States government for the federally recognized Eastern Band of Cherokee Indians (EBCI), who reside in Western North Carolina. The area is part of the large historic Cherokee territory in the Southeast, which extended into eastern Tennessee ...
The Public Land Survey System ( PLSS) is the surveying method developed and used in the United States to plat, or divide, real property for sale and settling. Also known as the Rectangular Survey System, it was created by the Land Ordinance of 1785 to survey land ceded to the United States by the Treaty of Paris in 1783, following the end of ...
The closing (also called the completion or settlement) is the final step in executing a real estate transaction. It is the last step in purchasing and financing a property. [1] On the closing day, ownership of the property is transferred from the seller to the buyer. In most jurisdictions, ownership is officially transferred when a deed from ...
The Homestead Acts were several laws in the United States by which an applicant could acquire ownership of government land or the public domain, typically called a homestead. In all, more than 160 million acres (650 thousand km 2; 250 thousand sq mi) of public land, or nearly 10 percent of the total area of the United States, were given away ...
A real estate contract is a contract between parties for the purchase and sale, exchange, or other conveyance of real estate. The sale of land is governed by the laws and practices of the jurisdiction in which the land is located. Real estate called leasehold estate is actually a rental of real property such as an apartment, and leases (rental ...
Henry River Mill Village is a small textile village in Burke County, North Carolina. It is an unaltered, but now-decaying example of an early industrial environment in Burke County. Today, the remaining buildings of the Henry River Mill Village are traces of the industrial heritage of the county. Built as a planned community, the village was a ...
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