I SPEAK
English
About Liz Wilson
I love where I live and work in Central Florida near Walt Disney World, the Worlds #1 vacation place! JC Penny Realty, LLC is a well established family owned business whom I have had the privilege to work for 13 years and love my job. I specialize in the purchase and sales of vacation rental homes in Davenport, Kissimmee and Clermont Florida! I also assist with relocation, military relocation, investor sales and more!! It would be my privilege to work with you!
Get in touch
Real Estate Glossary Terms
-
Millage Rate
Property tax rate whereby each mill is $1 of tax assessment per $1,000 of assessed property value. For example, a house in Los Alamitos is assessed at $200,000 and the millage rate is 10 mills. The assessment for the home would be $2,000 ($200,000*.01). ...
-
Payoff Month
The month in which a zero loan balance is reached. The payoff month may or may not be the loan term. ...
-
Immediate Notice
Provision found in property and liability insurance policies that mandates that the insured notify the insurance company as soon as possible following the occurrence of a covered loss under the policy. ...
-
Perpetual Mutual Insurance Company
Type of mutual insurance company that requires a substantial initial premium payment. After the initial premium payment is made, future premium payments required will be paid from the investment earnings of the initial premium payment. ...
-
Sources Of Income
In insurance, company revenues from underwriting and investment. Insurance companies make money first, by underwriting good risks so that their premium dollars cover claims losses and expenses (the money left over being called underwriting income), and second, by investing premium dollars until clai ...
My credentials
