Credit History
Definition of "Credit history"
History of an individual's credit financial transactions including a detailed payment analysis. The creditor history is critical for performing a credit analysis to develop a credit rating. A credit history record of prompt and timely payments is important for a strong credit rating. A credit history is kept by major credit rating organizations and is accessible for a fee by commercial organizations as well as by individuals under terms of the Consumer Credit Protection Act.
Popular Real Estate Terms
Legislation in 13 states providing protection to people who rent their residences. The act deals with landlord-tenant contractual relationships and obligations. ...
A court order on an issue directly related to the immediate action. ...
Those legal rights that are a part of the ownership of property. These rights include the rights to occupy and use, peaceful enjoyment, bequeath, construct a structure, lease, sell, mine, ...
Representative house, apartment, or cooperative used as a sales tool to show how the actual unit bought will probably appear in design and construction. An example is a model apartment. ...
An equity-to-value ratio is an excellent tool for those homebuyers that want to understand how profitable an investment is based on the amount of money invested and the actual value of the ...
Fence constructed at the property line or other division point separating a subdivision or a home site. It marks the point of separation between two separate properties. ...
The right of local government to take property when no person are legally entitled to inherit or make claim to a deceased' property. ...
Lienholder's statement as to the unpaid balance on a trust deed note. ...
Also called profit and loss statement. A financial statement depicting a business entity's operating performance and reports the components of net income, including sales of real estate, ...
Have a question or comment?
We're here to help.