Equity Cushion

Molding forming the top part of a door or window. Any wood or plaster molding on an inside wall just below the ceiling. It is ornamental in purpose giving the wall a finished ...

Losses incurred by a landlord because apartments or office are unoccupied and/or tenants fail to pay the rent due. ...

Evaluation of the reasons for the difference between the expected selling price of property and its appraisal value. Perhaps the discrepancy is due to a poor appraisal, emergency nature of ...

Appraisal approach where property values are estimated by comparing current comparable sales. See also market approach. ...

Being behind in a payment on a tax or debt when due (on the due date of payment or before the grace period). ...

Provision in a mortgage permitting the owner of property to transfer the mortgage to a buyer. ...

Degree of completion or accomplishment such as a home that is 70% completed. Condition of real property. Position of an item. Legal standing such as of a case. ...

(1) Type of loan where the final payment is substantially greater than the previous payments; also termed partially amortized loan. A debt agreement might stipulate a balloon payment when ...

What is a vlog? A video blog (shortened vlog) is a type of blog in which the message is spoken, not written, and the medium is video. It is a form of web television made popular by ...

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the property. ...

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. ...

From the beginning, basements were not built to provide living space but a place to hide plumbing, wires and water boilers. Home buyers are always interested in the gross living area of a ...

Nine out of ten Americans treat their pets like any other family member. Over 63 million dogs and 42 million cats are spoiled in our homes. But believe it or not, Scottsdale, Arizona has ...

Conceived in 1944, the VA loan program is one of the oldest facilities offered to veterans and service members. This type of loan is guaranteed by the United States Department of Veterans ...

A seller takeback is a type of financing in which the seller arranges for the financing on a property. ...

Basement remodels add more beautiful living space and are usually treated like new construction. This means that it increases your home’s assessed value and therefore an increase in ...