§ 700.111 Applicability of acquisition requirements
§ 700.113 Basic acquisition policies
§ 700.115 Preliminary acquisition notice
§ 700.117 Criteria for appraisals
§ 700.119 Establishment of fair market value
§ 700.121 Statement of the basis for the determination of fair market value
§ 700.123 Expenses incidental to transfer of ownership to the Commission
§ 700.125 Disposal of property
§ 700.127 Payments for acquisition of improvements
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Terms Used In CFR > Title 25 > Chapter IV > Part 700 > Subpart B - Acquisition and Disposal of Habitations And/Or Improvements

  • Appraisal: A determination of property value.
  • Contract: A legal written agreement that becomes binding when signed.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Probate: Proving a will
  • Statute: A law passed by a legislature.