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Popular Real Estate Questions

Popular Real Estate Glossary Terms

Prices that assume a more or less standardized set of transaction characteristics that generally command the lowest prices. Generic prices are distinguished from transaction specific ...

Each payment made by the borrower is equal each period, usually monthly. Each payment is comprised of principal and interest. Interest is based on the beginning balance. The cash paid less ...

Damage or destruction of property and/or property that is illegally transferred as the result of misconduct of individuals. The risk is insurable. ...

Modified premium used to calculate cash surrender values in excess of that required by the naic: standard NON FORFEITURE LAW. ...

Federal act passed in 1974 regulating mobile homes. The act defines a mobile home as a "Structure, transportable in one or more sections, which is eight body feet or more in width and is ...