Enforceable

An Act, passed by congress in order to prevent the practice of redlining and disinvestments in central city areas. Redlining is a practice in which lenders refuse to make loans in certain ...

Commitment by a lender to a borrower for a given amount of money at specified terms for the financing of a project. The borrower pays a fee for the privilege of either executing the loan or ...

Recognizes profit on a long-term construction contract as it is earned gradually during the construction period. This approach is preferred over the completed contract method because it ...

Drain facility usually underground for waste and water disposal consisting on connected pipes. ...

Bond collaterized by real assets. Two kinds of mortgage bond are senior mortgages and junior mortgages. A mortgage bond may have a closed-end provision that prevents the firm from issuing ...

Designation given to members of the American Society of Real Estate Counselors (ASREC). A prerequisite for membership is professional experience and ethical conduct. ...

Lease payments based on factors other than the passage of time. ...

Warranties issued by contractors, sellers, and real estate agencies that protect home buyers from specified defects in a house as per the contract. ...

Are you wondering what is the difference between being prequalified and preapproved for a loan? Do you always get confused because they seem pretty much the same thing, right? But there is ...

If you’re here, chances are you’re interested in buying a home in Houston. You’ve probably looked at volumes of relevant info, from crime rates to job opportunities, and ...

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 ...

Boca Raton is a beautiful city in southern Florida that draws thousands of tourists each year with its beautiful sunny beaches and relaxed beach town feeling. But Boca Raton draws more than ...

Have you ever considered living near an airport? Probably not if you are looking for a home in a quiet neighborhood and living near an airport is not a location that strikes you as quiet. ...

If you find yourself driving down I-95 from Orlando, you will reach the city of Melbourne, FL in a little over an hour. Located by the Indian River which is parallel to the Atlantic Ocean, ...

When you’re choosing a place to live such as the city of Venice FL, there are a number of important questions you, as a responsible home buyer, will need to know. You’ll ...

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing a specific interest rate for a specified amount of time. ...