Auxiliary Lane

Worth of the property part which is left subsequent to a condemnation action. ...

group of at least two people or businesses combining to engage in a real estate project that would exceed their individual financial abilities. A syndication allows earning to be ...

Worth of property based on the relevant economic factors (e.g., state of the economy, unemployment rate). ...

Federal act passed in 1974 regulating mobile homes. The act defines a mobile home as a "Structure, transportable in one or more sections, which is eight body feet or more in width and is ...

Represents a means of appraising a building by simply multiplying its square foot cost by the total amount of square feet in the structure being evaluated. Two or more buildings may then be ...

Report that contains information regarding the effect of a proposed project on the environment. ...

Peculiarities necessary to form a valid joint tenancy. They are unity of time, title, interest, and possession. ...

Depth of land used as standard to appraise its value. An example is 100 feet used for residential land. ...

A VA loan is a type of loan available to veterans and guaranteed by the Department of Veterans\' Affairs. ...

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after excluding present and future rights-of-way, restricted hazard areas, public open spaces and ...

A default is when a person fails to make payments on a loan. ...

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. ...

When you are prequalified, the lender gives you an estimate but does not formally commit to giving you a loan. ...

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortgage insurance, and other costs. ...

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the purchase of shares, you are allowed to live in a unit in the co-op building. ...

An investment property is a property you purchase with the intension of using it as a rental income or for investment purposes rather than to live in. ...