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An Act, passed by congress in order to prevent the practice of redlining and disinvestments in central city areas. Redlining is a practice in which lenders refuse to make loans in certain ...

Commitment by a lender to a borrower for a given amount of money at specified terms for the financing of a project. The borrower pays a fee for the privilege of either executing the loan or ...

Recognizes profit on a long-term construction contract as it is earned gradually during the construction period. This approach is preferred over the completed contract method because it ...

Drain facility usually underground for waste and water disposal consisting on connected pipes. ...

Bond collaterized by real assets. Two kinds of mortgage bond are senior mortgages and junior mortgages. A mortgage bond may have a closed-end provision that prevents the firm from issuing ...

Designation given to members of the American Society of Real Estate Counselors (ASREC). A prerequisite for membership is professional experience and ethical conduct. ...

Lease payments based on factors other than the passage of time. ...

Warranties issued by contractors, sellers, and real estate agencies that protect home buyers from specified defects in a house as per the contract. ...

While we do refer to it as we usually refer to cities, Arlington, Virginia, is not a city. There are many who think it should as it feels, acts and looks like one, but still, Arlington is a ...

The city of Alexandria, Virginia, is an independent municipality that pertains to the Commonwealth of Virginia and can be found in the state’s northwest. On the city’s right, ...

The capital of our nation has had quite a reputation over the last century. With crime rates decreasing, currently, Washington D.C. is becoming a much safer city than it had been back in ...

Located on the barrier island of South Carolina, the resort town of Hilton Head is one of Lowcountry’s most renowned tourist destinations. With a population of about 40,000 residents ...

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 ...

If you’re looking for a big bustling city sprinkled with crime and wrangles on the streets then you should look elsewhere for you won’t find any of that in the city of Bonita ...

Miami, Florida, is an ooze for tourists and locals alike. Everything you can think of is most-likely possible in this sprawling coastal destination. Whether you are a night owl, looking for ...

The definition of a commitment letter or letter of commitment in real estate is a letter whose purpose is to inform a loan applicant that their application has been processed and their ...