Dry Mortgages

Air penetrating crevices in a structure. Penetration of water into the earth or through a structure. For example, water infiltrates the basement of a house causing it to be damp. ...

Directing the bank not to pay a check when presented at the bank. There is a service charge for this. If a contractor loses the check given to him, he may ask that the payor stop payment ...

Part of a building that is connected to but leads away from the main structure. ...

Trust deed. ...

A legally transferable debt instrument by which the issuer agrees to pay the payee within a certain time period. Note usually pay a specified rate of interest tied to the market rate of ...

Original cost of property plus additional capital expenditures made to it less the accumulated depreciation. The realized gain or loss for tax purposes is the difference between the ...

Unit of ownership in a real estate investment trust. ...

House modeled after the dwellings constructed by the Pueblo Indians in the American southwest. A pueblo or adobe style house is made from adobe brick or materials simulating adobe brick. ...

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If selling the home, this would also be minus any costs incurred in selling the home. If ...

Tempted to become a real estate agent in Nashville? Then, you must be concerned about the financial side of the business. Although it’s fairly easy to enter the profession, and the ...

A subagent is an agent who works with you to purchase a house but is paid by the seller. ...

With 236 sunny days in a year and no freezing temperatures, Clermont really deserves a closer look. And even though it is in the heart of Lake County, the risk of having your house flooded ...

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

If you plan to stay forever in a certain place, buying is better than renting. Banks and mortgage brokers offer such a huge variety of loans that it is almost impossible not to find ...

The state of Tennessee has been one of the hardest states hit by the sub-prime mortgage crisis of 2007-2008. Since then, the state has constantly fought to make homeownership more ...

When you are prequalified, the lender gives you an estimate but does not formally commit to giving you a loan. ...