(1) Sudden and dramatic increase in activity or prices. (2) Rapid economic prosperity.
See estoppel. ...
Any abuse, disobedience, lawbreaking, transgression, or wrongdoing. It may result in punishment or litigation. ...
Same as term appraisal: Valuation assessment of real property by an expert third party for the following purposes: developing a realistic market price. setting a market value at the time ...
Large, high-volume food store where customers serve themselves by going through the aisles and selecting their groceries to be paid at the cash register on the way out. ...
Various governmental restrictions and controls placed upon land use in a given jurisdictional area. Land use regulations include zoning and building ordinances, housing codes, and ...
Real rate of interest on a loan. It is the coupon rate divided by the net proceeds of the loan. Assume Sharon took out a $1,000,000, on year, 10% discounted loan to buy real estate. The ...
Clause inserted into a commercial lease by a mortgagee stating the lessee's current lease will not be terminated if there is a foreclosure action against the landlord for the failure to ...
Land located next to water that has and will continue to experience water damage. The land generally is not suitable to build a structure on. In some cases, federal or local government may ...
If you’re thinking of moving from your current home, you’re no doubt weighing your available options in an effort to make the best decision. If McKinney is one the cities on ...
When you hear someone referring to a real estate agent type as a “general agent”, it might seem that someone is calling that agent “basic”, common. Right? But ...
The city with over 200,000 residents in the Lone Star State has all the meaningful advantages, traditions, and technical momentum, low crime rates, and prices, as well as marvelous ...
An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-term debt) to your monthly gross income. Lenders use this ratio-sometimes called the ...
If you’re looking into how to get a job in real estate and arrived at this page: congratulations; you’ve just made a big step toward your first real estate job! Not only ...
Are you wondering what is the difference between being prequalified and preapproved for a loan? Do you always get confused because they seem pretty much the same thing, right? But there is ...
When finding the best place to live, there are some aspects that you must always take into consideration. Among these aspects, we can name employment opportunities, real estate value, crime ...
An acre is a measuring unit used only for land measurements in the imperial system. The most common form in which an acre is measured, however, in a rectangle of 660 feet by 66 feet or, 1 ...
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