Driving Time Radius
Time it takes to drive to an outlying area form a major urban area. The driving time radius can radically affect real estate values in outlying areas of major metropolitan regions. Unless there is a unique attraction, the greater the driving time radius, the less value outlying property will have in relation to urban property values.
Popular Real Estate Terms
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Written obligation of a borrower that is backed by collateral in the event of default. The lender must assure himself that the market value of the security equals or exceeds the amount of ...
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