Burnoff | Real Estate Glossary | Realestateagent.com

Definition of "Burn-off"

Reducing the prepaid items on a debt agreement.

Failure, without sufficient reason, for one or both parties to perform the terms of a real estate co ...

Amount still unpaid at a particular date on a loan or other financing agreement. ...

Directing the bank not to pay a check when presented at the bank. There is a service charge for this ...

Flaw in an otherwise proper title. A title obtained through error or fraud without proper signature ...

Insurance that follows an insured property. ...

Written statement by an insurance company attesting to the powers it has vested in an agent. ...

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortga ...

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

A subagent is an agent who works with you to purchase a house but is paid by the seller. ...

A deed is a legal document that conveys the title to a property. ...

A credit report is a report of all your debt information compiled by an independent agency. The cred ...

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

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