What does Homesteading mean?
Homesteading refers to the process of claiming and improving a piece of land with the intention of making it one's permanent home. Homesteaders typically reside on the land, make improvements to it and cultivate the land to sustain them. In the past Homestead Act of the United States, Homesteaders were able to claim land that was owned by the government, under the condition of living on it, cultivating it and improving it for five years.
Related Terms
Work Letter
Title Company
VA
Contingent Fee
Third-Party Origination
Certificate of Sale
Real Estate Investment Trusts (REITs)
Home Equity Loan
Digital Images
Offer To Purchase
Listing Inventories
Mortgage-Interest Deduction
Concession
Radon
Annual Percentage Rate (APR)
Dutch Colonial Style
Certificate of Eligibility
Binder