Central Business District

Under a FHA-insured mortgage, both the property and the borrower must meet certain minimum standards. The borrower is charged an insurance fee of one-half percent on the unpaid balance and ...

Extra compensation given to a real estate broker who has surpassed his sales quota (e.g., number of house sold, total sales dollars of houses sold, number of apartments rented, square ...

Trade group of predominately land developers. ...

Two requirements of a contract forming mutual consent. These factors combined with valuable consideration are the major elements of a contract. For example, John puts his home up for sale ...

Approximate date. ...

Slang meaning a confidence scheme as in con man or con game. Prefix meaning with or together. ...

(1) To periodically withdraw money during construction stages as defined in a construction loan. (2) To write out a check or money payment or draft. (3) To compose and write a document ...

Involvement in real estate ownership and management on a continuing basis as contrasted to passive participation. The tax laws provide greater tax benefits when the owner actively ...

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest, property taxes, and insurance (OITI)-compared to the borrowers gross, pretax monthly ...

Every client is important no matter how big or small is a business. But selling real estate is somewhat different than selling doughnuts or hot dogs. Houses are most likely the most ...

A limit on an adjustable-rate mortgage. ...

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 ...

A seller takeback is a type of financing in which the seller arranges for the financing on a property. ...

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which the lender has agreed to the loan. ...

Any move is stressful, no doubt about it. And it can put a lot of pressure on you, even financially. Like everybody else, you have a few expensive items that you want to make sure that ...

On most transactions, there is usually a listing agent and a selling agent. The selling agent is sometimes referred to as the buyer\'s agent, because he works on the buyer\'s behalf and it ...