Any commercially fabricated and widely available product designed for household and personal use. Consumer goods are available in an open market place and are competitively priced.
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 ...
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. ...
Warranties issued by contractors, sellers, and real estate agencies that protect home buyers from specified defects in a house as per the contract. ...
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 ...
A city located in Northern North Carolina that combines both history and millennials in one big bowl, is a city that attracts large companies. With corporate giants such as Lenovo and FedEx ...
So, you’re thinking of moving for the first time to a condominium or an apartment. Well, there are some expenses that you might not have dealt with before. Cost of living and utility ...
Most people would say that living in the capital city is one of the best places you can end up during your lifetime. It is hard to argue with that when it comes to Annapolis, MD since it is ...
You have probably heard a lot of good things about living near a highway, but also things that made you reconsider your options. Maybe the noise of passing cars is too much to bear if you ...
As one of the most beautiful cities in America, the city of Savannah, GA attracts travelers from all over the country every year. The amazing architectural style combined with the very ...
Once a port town and one of the oldest of the surviving southern Maryland towns, Upper Marlboro is a place that was settled around 1695 and it is still a remarkable place today. The ...
If you’re thinking of moving to Port Charlotte FL, we don’t blame you. It’s a beautiful place, with a long list of attractive qualities that might sway your opinion in ...
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