Arrears | Real Estate Glossary | Realestateagent.com

Definition of "Arrears"

(1) Payments made at the end of a time period. (2) Late or overdue payment. Payments which are in default.

The ratio of total housing expense to borrower income. This ratio is used (along with other factors ...

House design to be easily expandable. ...

Based on historical loss experience, from which future loss experience is predicted. ...

One that is legally binding because it is in conformity with legal requirements and conditions. ...

Mortgage loan secured by real estate that already has a first mortgage. In case of default, the clai ...

A mortgage that can be moved from one property to another. Ordinarily, you repay your mortgage whe ...

A foreclosure is the legal process by which a mortgage property is seized due to default and then so ...

An easement is the right given by the landowner to use the property. ...

A proprietary lease is lease used for co-ops that give the shareowners the right to live in a partic ...

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after ex ...

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

A type of purchase in which the buyer assumes the responsibility of making payments on a sellers hom ...

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