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Popular Real Estate Questions

Popular Real Estate Glossary Terms

Authority of the pension benefit guaranty corporation (pbgc) to stop the termination of a pension plan and restore it to its previous status by returning a portion or all of the plan's ...

Typically, boot refers to a specific amount of money or other assets that an individual or company adds to an exchange of goods. The purpose behind this is to equal the value of the traded ...

Same as term junior mortgage: Mortgage placed on a property after a previous mortgage. It can be a second, third, etc. mortgage. A junior mortgage is subordinate to the terms of a previous ...

Strong expectation of an occurrence resulting in a monetary interest that gives rise to an insurable interest. For example, a daughter has a strong expectation of wearing her mother's ...

Life insurance that pays the balance of a mortgage if the mortgagor (insured) dies. Coverage is usually in the form of decreasing term insurance, with the amount of coverage decreasing as ...