Dry Mortgages | Real Estate Glossary

Definition of "Dry mortgages"

Peggy Bowden-White

Coldwell Banker Residential Brokerage

Creates a lien against the mortgagor's property, but does not permit a lien against his or her personal assets. See also non recourse.

A valuation of risk of an individual or organization. ...

The right to possess, exclusively occupy, enjoy, control, and dispose of real estate. Ownership righ ...

(1) The exposed trim and molding surrounding a door or window. (2) Woodwork which encases a pipe or ...

Fee paid only if other criteria are met. ...

One who receives real property under a will. ...

Rating system under which a specific premium rate, rather than a manual or class rate, is assigned t ...

Commercial insurance is designed to help protect many of the risks your business can face, including ...

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

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

A lien is a claim against a property. ...

Flood insurance is insurance that compensates for the physical property damage resulting from rising ...

Private mortgage insurance is insurance that protects mortgage lenders against default on loans by p ...

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