Corpus


Definition of "Corpus"

The actual, physical and tangible fact in a given situation; a substantive body of positive evidence.

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Popular Real Estate Terms

Trust

An agreement in which the trustee takes title of the property ( called corpus) owned by the grantor (donor) to protect or conserve it for either the g ...

Resulting Trust

Same as term trust; An agreement in which the trustee takes title of the property ( called corpus) owned by the grantor (donor) to protect or conserve ...

Qualified Terminable Interest Property (q Tip) Trust

Strategy that provides that all income from assets in trust be paid at least annually for the life of the surviving spouse. This trust, which prohibit ...

Alimony Substitution Trust

Agreement in which spouse X (the spouse who is mandated by the court to make alimony and/or child support payments to spouse Y) must put assets (the p ...

Mortgage Banking Association (MBA)

national trade association of people engaged in the mortgage banking business, dedicated to the betterment of the mortgage banking industry through ed ...

Income Yield

Same as term capitalization rate: Also called cap rate or income yield. A useful way to compute the rate of return on a real estate investment. It equ ...

Popular Real Estate FAQ

What Is A Counteroffer?

A counteroffer is an offer made by one party that makes changes to the original or latest offer of the other party. ...

What Is A Loan-to-value (LTD) Ratio?

A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 percent on a purchase, you finance 80 percent and hav ...

What Is A Loan Origination Fee?

A loan origination fee is a fee charged by the lender-usually 1 percent of the loan amount. ...

What Is An Index?

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

Besides Making My Monthly Mortgage Payment, How Can I Build Equity Into My House?

When making your monthly mortgage payment, try to send a little bit more. This will go directly to the principal of the loan rather than the interest ...

What Is A Buyer’s Agent?

An agent hired by buyers to help them find and negotiate the purchase of a home. This agent works for the best interests of the buyers, not the seller ...

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FAQ

What is a housing ratio? What is a cap? What is escrow? If I want to buy a house and I know the property and the seller already have an agent, can I act as my own agent and negotiate a lower fee? What is the difference between a real estate broker and a real estate agent?