Depreciated Cost (taxation)

Appraisal method that examines current and future economic conditions in a particular location to help in deriving property values ...

Also called financial leverage. The use of borrower funds to magnify return. Trading profitably on the equity, also called favorable financial leverage, means that the borrowed funds ...

lender who charges an exorbitant interest rate, which is typically illegal because it exceeds the interest rate allowed in the state. A borrower may go to a loan shark if he cannot obtain ...

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

Steps taken to remove someone from the real property who does not have a contractual basis to be there. An example is the landlord removing homeless people who have moved into a vacant ...

Real estate term describing a buyer who is prepared to comply with terms and conditions of a purchase contract and has the financial ability to complete the transaction. In a property ...

A loan indemnified against default by the borrower. Such loans may be a mortgage loan insured by a standard mortgage insurance policy or by FHA mortgage insurance. In the event of the death ...

An agreement among those involved in a contract. There is an offer and acceptance, and the property has an evaluation. A financial consideration must also exist. ...

The city of Fort Myers is a southwestern city in the state of Florida, that holds a population of about 75,000 people. This city allows people here to enjoy a calm and peaceful environment, ...

A gift letter is when an individual gives you money for a down payment as a gift, that person must write you a gift letter so that it can be included in your loan documentation. ...

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The definition of “auction” is derived from the Latin word “auctus” which means “increasing”. A home auction is a sale where bidders place one bid after ...

Naples, Florida is a city located on the Gulf Coast. This resort city is one of the wealthiest cities in the country and in 2014 there where around 12,000 households who reached the ...

Do you want to feel the heartbeat of Orlando but the big city life is not really what you have in mind for you and your family? Take a look at Clermont, FL! It’s a hidden gem that you ...

Now that you’ve learned how much does a real estate agent make, you’re wondering who pays the real estate agent? Get ready for a non-answer. Or a super-answer. It’s a ...

Do you wish to live and thrive in a compelling metropolitan area but also feel like you’re on a beach holiday every day? In short, this is one of the many advantages of moving to ...