Bequest

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. ...

Ever wondered what it feels like to live in the state of North Carolina? The city of Durham offers one of the most authentic North Carolina experiences. Renowned for its technology ...

Located in the Southwest of Florida, the city of Cape Coral is known for its canals and waterfront wonderland. Many people migrate here during winter or settle for a comfortable but active ...

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate below the current market rate. The developer or seller pays interest costs in order to ...

Considering that property depreciation is the phenomenon of an asset losing worth due to its use over time, home depreciation is not only common but inevitable. However, this is ...

Nestled in a quiet crook of Florida’s southwestern coastline, the city of Venice FL is every home buyer’s dream. With gorgeous gulf vistas, quiet city streets, and a plethora of ...

Every state has its own history and interesting facts that make your mouth drop to surprise, thinking that you never knew those things. For example, did you know that the state of Tennessee ...

Are you thinking of moving to Gatlinburg? We don’t blame you! The city of Gatlinburg is a beautiful place, one which has gained a great deal of notoriety as a vacation destination. ...

For those who plan on moving to a new town, researching ahead of time is an important part of the decision making process. If you’re planning on moving to Knoxville, you’ve no ...