Commonly Used Words And Phrases

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The real deal!  What the item actually is and not what it is believed to be.


An estimate or opinion of value based upon relevant and factual data, as of a given date, and is usually in writing.

"Order Of Sale"

A matter of a division of the property in a sequential order in which the property will be sold.


This is a term that refers to everything you owe and own - Personal and real property that you possess.


A person that dies with a will; if valid, it is admitted to probate for administration.


When a person dies without a will and leaves no heirs. Disposition of estate is made according to statutes of decent.


Court directs the process of administration of the will.