Another residence in addition to the main residence where a person or family resides. An example is a second home out of the city used on weekends and during vacations. Interest and real ...
Same as term plat book: Listing of all of the plats of subdivided plots in a jurisdiction showing the location, boundaries, and plat owners. A plat book normally shows other improvements ...
Same as term furring strip: Insulating material attached to crevices around doors and windows to prevent air from either entering or escaping from a structure. Tacked, stapled, or glued ...
Judicial order creating a trust for property wrongfully or illegally assumed or taken. The trust compels the person improperly to transfer it to another having a legally sustainable claim. ...
A gift letter is when an individual gives you money for a down payment as a gift, that person must write you a gift letter so that it can be included in your loan documentation. ...
Wondering how do real estate agents get paid?
We’ve got to be honest here: some time ago that would be classified as a dumb question because it was kind of obvious. However, faster ...
Equity is the financial interest or cash value of your home, minus the current loan balance(s). If selling the home, this would also be minus any costs incurred in selling the home.
If ...
A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance) to your monthly gross income. Lenders use this ratio to qualify you for a loan. ...
Not only can homeowners associations impose pet restrictions but almost 100% of them do.
Here’s the thing: the job of a homeowners associations or HOA is to look at the big ...
A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate below the current market rate. The developer or seller pays interest costs in order to ...
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