Addendum

Insurance furnishes an important tool in satisfying the financial objectives of people or a business entity. The type and amount of insurance varies with age, property, rental income, and ...

Estimated value of property after a specified time period. ...

Release and discharge of a lien on property because the terms of the lien have been met. ...

An adversary hearing allows both parties to an issue to present their views. A public procedure performed by an administrative or legislative body to investigate certain matters and ...

Permits oral evidence to augment a written contract in certain cases. ...

Mixed assortment of either housing styles in a residential development or mixed zoning uses in an urban development plan. For example, heterogeneous nondevelopment residential are has many ...

Enclosed building that stores agricultural products (hay, livestock or farm equipment). ...

Time interval between buying a real estate investment and selling it. A sound way to determine the return from a real estate investment is over its life. For example, if land was bought on ...

A seller takeback is a type of financing in which the seller arranges for the financing on a property. ...

A home warranty is a guarantee for certain features of a new home-for instance, the materials and workmanship, the main components of the house, and so on. ...

The process of paying off a loan balance. As you make payments, a certain amount is applied to the principal and a certain amount to the interest. ...

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 ...

A subdivision is a piece of land divided into several plots in which homes are built. ...

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 survey is an examination of a property\'s boundaries to determine the quantity of land, location of improvements, and other information. Usually the surveyor includes a map or drawing of ...

A point is equal to 1 percent of a loan amount. Fun fact to know is that lenders charge points in exchange for lowering the interest rate. ...