Alien


Definition of "Alien"

Foreign-born individual not qualifying as a citizen of the country in which he or she resides.

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Popular Real Estate Terms

Alien Insurer

Insurance company formed according to the legal requirements of a foreign country. In order for an alien insurer to be able to carry on general operat ...

Alienation

Not to be confused with that 90’s movie/TV series “ Alien Nation”.An alien is something foreign, that does not belong to that place ...

Non-Permanent Resident Alien

A non-citizen with a green card employed in the U.S. Non-permanent resident aliens are subject to somewhat more restrictive qualification requiremen ...

Voluntary Alienation

Conveying title to real estate between individuals or business through a deed. ...

Nonalienation Clause

A clause in a document forbidding an individual from selling or transferring the subject property to another. Frequently, nonalienation clauses are us ...

Nichification

Proliferation in the number of loan, borrower, property, and transaction characteristics used by lenders to set mortgage prices and underwriting requ ...

Popular Real Estate FAQ

What Is A Second Mortgage?

A second mortgage is a type of mortgage on property that has alien already on the first mortgage. This mortgage is usually on the remaining equity in ...

What Does An Appraisal Mean?

An appraisal is an estimate of the value of a certain property by a qualified, independent individual. ...

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damages such as fire damage, water damage not caused by ...

What Does A Back-end Ratio Mean?

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

What Are Basis Points?

Basic points relates to changes in the interest rate for your home. ...

What Is A Treasury Index?

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mortgages (ARMs). This index is based on the results ...

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