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Popular Real Estate Glossary Terms
Involves monthly payments for property taxes and insurance, besides principal and interest. The tax and insurance payments are put into an impound account. For a residential mortgage this ...
Loan used by a developer for the purposes of paying development costs. A development loan is paid by unit sale proceeds. See also construction loan. ...
Amount received by the policyholder if the policy is canceled, benefits are reduced, or the premium is reduced. ...
Similar to an industrial park an office park is a planned and zoned development site for office buildings. ...
Expenditure paid to occupy property over a specified time period. ...