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Refinance and Mortgage Encyclopedia - residential real property

Residential Real Property

owner-occupied real propertyThe type of property ascribed to real estate investments, such as houses, land, buildings, retail stores, malls, etc. in Maryland, which propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. has a dwellingDwelling means any residential structure, whether or not attached to real property. It includes vacation on it designed principally as a residence with accommodation for not more than four families, but does not include any real property held primarily for rental, investmentThe utilization of money in the expectation of future returns in the form of income or capital gain., or the generation of incomeMoney you make from a job or from business or property. through any commercialProvides coverage for liability, physical damage, and other exposures for automobiles owned or leased or industrial enterprise.
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