Equitable Owner

Definition of "Equitable owner"

John Lorson Real Property Management East Valley

The person identified to receive the benefit of property held in trust.

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Popular Real Estate Terms

Site Development Cost

The total expenditures required to make a locality suitable for the designated purpose. An example is how much it would cost to build a shopping cente ...

Satisfaction Of Mortgage

Written statement of the lender that the buyer of real estate has paid-off the entire mortgage. ...

Float

Amount of funds represented by checks that have been issued but not yet collected. Time between the deposit of checks in a bank and payment. To issu ...

Tax Equity And Fiscal Responsibility Act Of 1982 (TEFRA)

Federal tax legislation notably establishing 10% withholding on interest and dividends. ...

Acquisition Loan

Money borrowed for the express purpose of acquiring property through a purchase transaction. ...

Risk

Fluctuation in sales, profits, rat of return, etc. Likelihood of declining value. ...

Popular Real Estate FAQ

What Does Preapproved Mean?

When you are preapproved, you have a definite commitment from a lender ...

What Is Cooperative?

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the purchase of shares, you are allowed to live in a u ...

What Is An APR And What Does It Include?

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortgage insurance, and other costs. ...

What Is A Treasury Index?

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mortgages (ARMs). This index is based on the results ...

What Does An Appraisal Mean?

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

What Is An Investment Property?

An investment property is a property you purchase with the intension of using it as a rental income or for investment purposes rather than to live in. ...