Risk that an individual may have to sell assets at distressed prices to raise funds. An example is a homeowner who must sell his house at a low pri ...
Decline in value of real estate property because it is near something which is damaging to its worth. For example, a house located next to a pollution ...
Lessening of work assignments such as when a real estate management firm reduces the number of buildings assigned to each manager. By reducing someone ...
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 ...
Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. When you put down a deposit on a house, for example, ...
A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest, property taxes, and insurance (OITI)-compared to ...
Have a question or comment? We're here to help.