Bearing Wall

Credit standard judging the borrowers historical record of paying loans, among other considerations of the credit worthiness of the borrower. See also five cs of credit. ...

A map that shows land elevations. ...

Also known as “cap rate” or “income yield”, Capitalization Rate is a useful way to compute the rate of return on a real estate investment. It is commonly used in the ...

A prefabricate house constructed in a factory with final assembly and erection on site. Because of economies of scale and modern factory production techniques, modular housing is ...

A leasehold estate that can be determined by the lesser or lessee at any time. ...

Claim or debt that may be recovered by instituting a lawsuit. ...

Legal record used to create a condominium. It encompasses the description of the property, common elements, ownership units, and acceptable uses of the residence. ...

Offering of new securities of a real estate company to the investing public, after registration requirements have been filed with the SEC. the securities are usually made available to the ...

A real estate agent is more than just a \"sales person.\" They act on your behalf as your agent, providing you with advice and guidance and doing a job - helping you buy or sell a home. ...

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

Homeowners association is a nonprofit association that manages the common areas of a condominium or \"planned unit development\" (PUD). Unit owners pay a fee to the association in order to ...

The fee an agent earns for the sale of a home-usually a percentage of the selling price. ...

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations for the upkeep of the property. ...

The textbook definition of a spec house is \"one built on a speculative basis, without an order on the books\". Commonly, a buyer will be unsatisfied with this type of house because it was ...

A gift letter is when an individual gives you money for a down payment as a gift, that person must write you a gift letter so that it can be included in your loan documentation. ...

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