Density

Property wholly owned by one spouse, which was the spouse's before marriage or was received as a gift or an inheritance. This property legally belongs to that spouse and cannot be taken ...

Deterioration in property resulting from its ordinary use and from the aging process. An examples an apartment building that physically deteriorates over the years. ...

Approval by an individual or business of a prior act. Without such confirmation, the act would not be binding. ...

Listing of real estate property done without any effort an the part of the real estate broker. An example is when a homeowner calls the real estate brokerage firm on his own without having ...

Modification in the amount of money involved for some justifiable reason. ...

Helps in supporting a building. ...

“What is Rent Control?”, you ask.Rent Control is how some governmental policies that prevent the Landlord from abusively raising the rent are called in the real estate ...

Same as term spot zoning: Zoning a portion of land in a given area for different purposes than its surrounding functions. For example, a locality may decide to spot zone a vacant lot in a ...

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damages such as fire damage, water damage not caused by flooding (which would fall under your ...

Changes in the market conditions, or improvements to the property that increase the value of the property. ...

A limit on an adjustable-rate mortgage. ...

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate below the current market rate. The developer or seller pays interest costs in order to ...

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also known as a settlement) ...

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

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 use this ratio-sometimes called the ...

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...