Building Paper

Space that is available to all tenants or owners, such as a courtyard, main entrance, elevator, and pool. ...

Homes with division of ownership or use of a resort unit on the basis of time periods. For example, a resort home may be divided into 25 time shares of two weeks each, with two weeks left ...

Approach to determining a capitalization rate for use in valuating property so as to arrive at a suitable purchase price. To the risk free interest rate is added a risk premium to cover the ...

Deed given by a trustee at a deed of trust foreclosure sale. ...

Sound-absorbing tiles designed to reduce the deflection and reverberation of sound waves. Used on walls and ceilings are made of cork, minerals, fiber, or insulated metals, depending on the ...

Fee charged by a mortgage lender to a buyer, seller or both for transferring a mortgage when the mortgage property is sold. ...

The common law right of a landowner whose land borders a river or stream to use and enjoy that water. ...

Interpreting the objective of a testator in his or her will. The disposition of the testator's estate must be untreatable or it could be legally challenged. ...

Wondering how to calculate the fair market value of a property? It helps if you understand that it’s all about an estimate; you’ll hardly bull’s-eye-it. Fair market ...

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

A proration is the division of certain fees. If the sellers have paid the taxes six months in advance, for example, they may want a portion of that payment back for the months you are ...

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 ...

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

Recently sold properties that are similar in size, location, and amenities to the home for sale. These properties help an appraiser determine the fair market value of a property. ...

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

Yes and no.The yes part of the answer is pretty standard; we’ve been covering it in the many many articles we put out on our real estate advice and tips page exposing the ...