Backup Contract

An Act, passed by congress in order to prevent the practice of redlining and disinvestments in central city areas. Redlining is a practice in which lenders refuse to make loans in certain ...

Commitment by a lender to a borrower for a given amount of money at specified terms for the financing of a project. The borrower pays a fee for the privilege of either executing the loan or ...

Recognizes profit on a long-term construction contract as it is earned gradually during the construction period. This approach is preferred over the completed contract method because it ...

Drain facility usually underground for waste and water disposal consisting on connected pipes. ...

Bond collaterized by real assets. Two kinds of mortgage bond are senior mortgages and junior mortgages. A mortgage bond may have a closed-end provision that prevents the firm from issuing ...

Designation given to members of the American Society of Real Estate Counselors (ASREC). A prerequisite for membership is professional experience and ethical conduct. ...

Lease payments based on factors other than the passage of time. ...

Warranties issued by contractors, sellers, and real estate agencies that protect home buyers from specified defects in a house as per the contract. ...

Clermont is a city situated in Lake County, Florida with a population of about 36,000 people and it is part of the Orlando-Kissimmee-Sanford Metropolitan area. Clermont Florida has a ...

Located in the Heart of North Carolina, High Point NC has a population of about 110,000 residents, and it is known for its amenities, communities, and architecture. The city of High Point ...

A lock in guarantees a certain interest rate for a certain period of time. ...

About 23 miles from the Virginia border, in the northeast corner of North Carolina lies the beautiful city of Durham. The foothill region lying between the mountains holds a population of ...

Located in the southeastern part of Mecklenburg County, North Carolina is the town of Matthews, an uprising suburb of Charlotte. With a population of about 32,000 people and stretching for ...

Considering how much the population has grown in Palm Coast over the last decade, the city on the East Coast of Florida seems to be a very sought out destination for many families as well ...

Located in the heart of Virginia, just south of Richmond, VA, the unincorporated area of Chesterfield, VA is the county seat of Chesterfield County. There are many reasons for this ...

Pursuing a real estate career is not easy, however, the rewards can be great if you stick to it and do your best in order to get better. Real estate has many faces to it, and you can get ...