Bona Fide

Definition of "Bona fide"

A Latin term meaning in good faith, without deceit such as with the sale of a real estate property.

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Related Real Estate Glossary terms

Personal Producing General Agent (ppga)

Individual appointed by the insurance company as an independent contractor. The agent receives vario ...

Intestate

A person who dies without a will and having unknown intentions regarding his estate. In such case, a ...

Upset Date

provision in a written agreement allowing the prospective purchaser the right to cancel the contract ...

Shakeup

Sudden, drastic change in organization, direction, objectives, strategies, or functioning. It is oft ...

Counseling

Process of conferring and consulting with clients concerning real estate investments and development ...

Servicing Agent

The party who services a loan, who may or may not be the lender who originated it. ...

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Discount points are a type of point paid by the borrower to reduce the interest rate. ...

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A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest ...

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

What Is Equity?

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If s ...

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