Deficiency Judgment

Lender's written assurance that the borrower has fully paid the obligation. The borrower may then show this instrument to interested parties. ...

Agreement in which some terms are yet to be carried out. The contract is still not fully completed. ...

Real estate sales contract where possession and use is provided to the buyer, but the deed is kept by the seller until the full purchase price is met whereupon the title is placed in the ...

Percentage of a commission paid by a salesperson to a supervisor in an organization. For example, a real estate salesperson must pay a 25% override to the real estate broker for all ...

Legal responsibility dictated by some jurisdictions when an individual's activities are deemed incompatible with public policy, regardless of whether the action was intentional or negligent. ...

Accelerated depreciation method in which the amounts recognized in the early years of the property's useful life are greater than those recognized in the later years. The SYD is found by ...

Expenditure paid to occupy property over a specified time period. ...

Individual who creates property improvements by making homes, shopping centers, and other commercial buildings for a profit on an area of land. The developer organizes and plans the ...

You came in here looking to find out what happens when a property starts to depreciate but the truth is that the question comes from a false premise because not all properties depreciate. ...

Wondering what is the cash offer definition? Well, the cash offer definition is pretty much what it says, an offer made in cash. But aren’t all offers cash? No one buys a house ...

A negative amortization is a type of loan situation that occurs when the monthly payments do not cover the principal or interest. Instead of declining, the balance of the loan actually ...

When a home is marked “as is”, it means the home seller will not take part on any renovations, will not fix any defects the home buyer might bump into. If the home buyer wants ...

You’ve been invited to a housewarming party (or just invited to meet a friend’s new house) and you don’t know what to bring… well, that's why our real estate ...

Yes, you can! Now, it depends on what type of loan you are looking for. Is it a home loan? Or a payday loan? It is possible to borrow money even with a FICO score of 500 points. So, when ...

A basic policy is a homeowners insurance policy that covers certain perils. ...

Are you wondering how to speed things up with your mortgage payment? Thinking how to build equity to your home”? Well, by paying off your mortgage. The more you do, the more ...