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Loan secured by the pledge of specific collateral.
Provision in a credit contract specifying that if the lender sues the borrower for late payments, th ...
Two-story house where the front door is located above the first floor but below the second floor. ...
Same as term trust; An agreement in which the trustee takes title of the property ( called corpus) o ...
Value of property is reduced form usage oven time. The problem is worsened when repairs and mainten ...
Quality of being useful. Risk diminishes maximum utility in society because resources gravitate to a ...
Federal tax imposed on the estate of a decedent according to the value of that estate. The first ste ...
Hazard insurance is insurance coverage that compensates for physical damage to a property from natur ...
A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance ...
A subdivision is a piece of land divided into several plots in which homes are built. ...
The fee an agent earns for the sale of a home-usually a percentage of the selling price. ...
A default is when a person fails to make payments on a loan. ...
A mortgage broker is an intermediary who ensures a loan between a borrower and lender. The broker ta ...
