Constructive Notice

Credit standard judging the borrowers historical record of paying loans, among other considerations of the credit worthiness of the borrower. See also five cs of credit. ...

A map that shows land elevations. ...

Also known as “cap rate” or “income yield”, Capitalization Rate is a useful way to compute the rate of return on a real estate investment. It is commonly used in the ...

A prefabricate house constructed in a factory with final assembly and erection on site. Because of economies of scale and modern factory production techniques, modular housing is ...

A leasehold estate that can be determined by the lesser or lessee at any time. ...

Claim or debt that may be recovered by instituting a lawsuit. ...

Legal record used to create a condominium. It encompasses the description of the property, common elements, ownership units, and acceptable uses of the residence. ...

Offering of new securities of a real estate company to the investing public, after registration requirements have been filed with the SEC. the securities are usually made available to the ...

A multiple listing service is a computerized listing of the homes for sale in an area listed with a realtor. Agents are granted access to the MLS and can use it to find a house in a ...

A proprietary lease is lease used for co-ops that give the shareowners the right to live in a particular unit. ...

The fee an agent earns for the sale of a home-usually a percentage of the selling price. ...

An inspection is a close and thorough examination of a house and property. A licensed individual usually does the inspection. ...

Homeowners association is a nonprofit association that manages the common areas of a condominium or \"planned unit development\" (PUD). Unit owners pay a fee to the association in order to ...

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the interest rate. ...

Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. When you put down a deposit on a house, for example, you should put that money into an ...

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of the figure. Most lenders use the ratio 28/36. The first number, which is also referred ...