Contingent Vesting

Definition of "Contingent vesting"

Right to property depends on some occurrence.

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Future Interest

An interest in property with the right o possession being postponed into the future until a certain even occurs. There are several possibilities where ...

Shakeup

Sudden, drastic change in organization, direction, objectives, strategies, or functioning. It is often associated with a new owner who wants things hi ...

Closing Costs

- What are the closing costs?Closing costs are the fees and expenses paid during Closing. They are not included in the final purchase price of the pro ...

Heterogeneous

Mixed assortment of either housing styles in a residential development or mixed zoning uses in an urban development plan. For example, heterogeneous n ...

Frontage

Linear measurement of property abutting a road or water body acting as a boundary market. ...

Index Of Residential Construction Cost

Index of the costs to construct residential properties. ...

Popular Real Estate FAQ

What Is A Treasury Index?

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mortgages (ARMs). This index is based on the results ...

How Can I Figure Out My Debt-to-income Ratio?

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 ...

What Is An APR And What Does It Include?

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortgage insurance, and other costs. ...

What Is An Overall Debt Ratio?

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-term debt) to your monthly gross income. Lenders us ...

What Are Prepayment Penalties?

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off of the loan in the event that you inherit a small f ...

What Is A Seller Takeback?

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

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