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.
Debt secured by a lien on property.
Commitments related to unfilled contracts for real estate. The purpose of encumbrances is to prevent further expenditure of funds considering the ...
A mortgage loan where the bank provides the mortgagor the required funds to purchase property the bank has obtained through foreclosure on outstanding mortgages. For example, John obtains a ...
Property used consistently for many years by someone without challenge from the owner.
Easement resulting from law such as the reasonable expectation that a purchaser of one or two ...
What’s the definition of real estate collateral?
Could we say it’s like keeping a hostage? No, that would be relatively insensitive. But the idea is similar. In real estate, ...
A clearly stated notice that an owner or operator will not assume responsibility for an inherent risk. For example, at a parking garage, a large notice of nonresponsability clearly states ...
You know what is the truest answer to “who can put a lien on your house”?
Yourself.
We’re not trying to be smart here; it’s the truth. Failing to pay up a ...
The first thing to consider is how a 401(k) works once you retire based on your retiring age. It also depends on what you plan to do with your 401(k) plan once you retire. There are several ...
When you are imagining the ideal place to live, what is the first place that comes to mind? Would you see yourself living close to the breezy coastal beaches or are you more of a mountain ...
With the real estate market appreciating crazy fast in some of the US’s biggest cities, many find it difficult even to afford an entry-level apartment. Big cities such as New York, ...
Located in the heart of Wake County, is the city of Raleigh which is also the county seat and the capital city of North Carolina. The city is the second-largest city in the state of North ...
The first time you set foot in Lakewood Ranch FL you are just amazed at how gorgeous this town is since the master-planned residential development that took place in 1994. This project ...
With its strategic position in the center of one of the fastest-growing regions in the United States. Northwestern Arkansas is home to three of the largest retail companies in the country, ...
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