Intermediate debt (5 to 10 years) without periodic payments but the entire amount (balloon payment) is due at the maturity date. If full payment is not made, the lender may foreclose on the property. Stiff prepayment penalties typically exist.
Founded in 1934 and located in Garden, CA with 1993 membership of 9,000, the IRWA is a professional association of appraisers, property managers, title examiners, and others having interest ...
Any gain or loss from selling of capital assets. The gain or loss is the difference between the net selling price and cost basis. The two types of capital gains or losses for tax purposes ...
(1) Temporary and symbolic payment showing good faith and obligating two or more individuals until a final transaction takes place. The binder is typically returned if the final agreement ...
Deed used to convey property back to the original property owner. Normally a
reconveyance deed is issued upon the satisfaction of a property's mortgage. ...
Window designed in an alcove extending outside the structure. A bay window makes the home look more attractive and adds light, as well as providing a better view. ...
When a debtor defaults on a loan for which a deed of trust is given, the trustee is required to have a sale of the real estate security for the benefit of the lender. A deed of trust is ...
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 ...
As many retirees are choosing to relocate to the Sunshine State to spend their golden years because of Florida’s sunny weather, the city of Gulf Breeze, FL is another great place ...
All the REALTORS® in Scottsdale are aware of the hot real estate market they are working in. With a median house price of $478,200, anything that comes on the market below this price ...
Maryland is one of the smallest states in the USA, but it holds a very diverse climate and has about 4,000 miles of shoreline. This makes it unique in many ways and so is the city of ...
Located about an hour away from both Jacksonville and Orlando, the city of Palm Coast dwells in Flagler County, on the Eastern coast of Florida. It spreads over 96.05 sq miles of land and ...
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 ...
Many people wind up in the city of Jacksonville Beach, Florida that is located just a short drive away from Jacksonville, FL on Florida’s east coast, without being aware of the ...
Located in Northwest Arkansas, Bentonville is a gorgeous city with a population of about 50,000 people. The city has been growing both in numbers and popularity, and many find it to be one ...
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