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A mortgage loan where the bank provides the mortgagor the required funds to purchase property the bank has obtained through foreclosure on outstanding mortgages. For example, John obtains a ...

Bottom frame of wood supporting a window. It should be strong in order to support something put in the window such as an air conditioner. ...

What is a turnkey property? A turnkey property is a very popular type of investment property that real estate investors prefer because it starts bringing a return on investment quickly. ...

Wondering what is an estate tax? While the name makes it seem like a variation to regular “property tax”, the correct estate tax definition is pretty different. An estate tax ...

Null or void something; Revoke or destroy; rescind or set aside; abandon; abolish; repeal; surrender; waive; terminate. In real estate, to void a buy or sell order, price, or quantity. The ...

Storing or keeping something such as an expansion tank holding hot water. ...

Federal agency within the Department of Housing and Urban Development that provides financing to home buyers, particularly those with little cash or with a need to lower monthly payments. ...

An interior wall dividing an area into two or more rooms or separate areas. The division of real estate between owners giving each an undivided interest. ...

Recently sold properties that are similar in size, location, and amenities to the home for sale. These properties help an appraiser determine the fair market value of a property. ...

A gated community is a community of homes where you must pass through a security gate in order to enter the community. ...

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which the lender has agreed to the loan. ...

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If selling the home, this would also be minus any costs incurred in selling the home. If ...

Wondering what is the difference between a condominium and an apartment? Well, differently from the difference between an apartment and a flat, this one is not so much related to word ...

If you’re looking into how to get a job in real estate and arrived at this page: congratulations; you’ve just made a big step toward your first real estate job! Not only ...

It’s not hard to figure out why a property has a high market value, especially if you have the qualities of a real estate investor. But what happens to the properties that sell for ...

This question might have crossed your mind while planning for retirement, or... after inheriting your aunt’s under-the-mattress savings. You spread your wings ready to fly to the ...