Collateralized Mortgage Obligation (CMO)

Money payments to be delayed for a future date or extended over a period of time. ...

Same as term junior mortgage: Mortgage placed on a property after a previous mortgage. It can be a second, third, etc. mortgage. A junior mortgage is subordinate to the terms of a previous ...

(1) An arrangement to buy real estate at a specified price and conditions. The failure to honor the commitment may result in damages. (2) Bank commitment to lend money in connection with ...

Degree of relationship between variables or factors affecting the real estate market and activities within the market. Correlation examines how the value of one variable changes when the ...

A subdivision map filed in the county recorder's office that shows the location and boundaries of parcels of land. ...

System for human waste disposal where sewers do not exist. Pipes transport waste into septic tank and a leaching field purifies the fluids that come out of the septic tank before they join ...

Party that receives part or all of a construction job to do from the general contractor. ...

Detailed financial accounting of all the credits and debits for the buyer and seller upon consummation of a real estate sale. ...

Bentonville Arkansas is a sunny little town in northwestern Arkansas. Nestled in the center of Benton county, Bentonville is in one of the fastest-growing areas in the United States. Why is ...

Any structure that was ever built on land had to first be evaluated by a land surveyor through a survey. If you are wondering, what is surveying, then you should know that surveying is a ...

When you’re moving to a new city, you don’t want to take any chances. Before you spend your life and relocate to a new and unfamiliar place, there are certain things any ...

A very common real estate question is:Do Tiny Houses depreciate?Short answer is: yes, tiny houses do depreciate. But let’s explain the “why”s so we get to the bottom of ...

When you think of the city of Miami, what is the first thing that comes to mind? You are probably thinking of their world-class beaches, great year-round weather, and awesome coastal vibes. ...

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

The city of Frisco, TX is the #1 Best Suburb to Buy a House in the Dallas-Fort Worth Area based on the ranking put together by Niche.com. Over the last three decades, this lovely, ...

“What states allow tiny houses?” – that’s a very simple question that yields a very complicated answer.And that’s because: Building codes vary not only from ...