Absolute Sale

Adding a period of time onto another. An examples a mortgagor who successfully restructures his loan by tacking another five years onto the term. ...

Same as term contract of sale: Written agreement between a seller and a buyer in which the latter agrees to buy real estate property upon mutually suitable terms. ...

What remains after something is removed, such as substances left after a pollution treatment facility is removed. ...

One who sells real estate or other products. ...

An insurance policy that promises to pay all the legal obligations of the insured due to negligence in which damage to the property has been caused. ...

Houses attached by either side of the same wall. ...

Secondary written agreement to purchase real property in the event the initial contract is not signed. ...

Decline in value of property from use. The property's condition is aging. An example is plumbing deteriorating over time. ...

Yes, you can use two realtors® to sell your house. Actually, more than two. You can use how many you’d like. It’s what is called an Open Listing. In it, the home seller ...

An escrow officer - also known as a loan officer - is the person that walks you through the closing process. They are usually employed by the title company that you are working with. They ...

Basement remodels add more beautiful living space and are usually treated like new construction. This means that it increases your home’s assessed value and therefore an increase in ...

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate below the current market rate. The developer or seller pays interest costs in order to ...

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

If you plan to stay forever in a certain place, buying is better than renting. Banks and mortgage brokers offer such a huge variety of loans that it is almost impossible not to find ...

A gift letter is when an individual gives you money for a down payment as a gift, that person must write you a gift letter so that it can be included in your loan documentation. ...

Say you are the proud Tenant of a home and you made the greatest deal ever – it’s in an awesome neighborhood, it has a sweet rent price and it came already fully furnished; ...