Bank financing to a homeowner based on his dollar equity in the home. The interest rate typically fluctuates such as being based on the change in the prime interest rate. Interest expense is tax deductible to the homeowner.
Legal contract in which the lender controls the pledged property being financed. The agreement describes the property and its location. Of default occurs, the lender may sell the ...
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.
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Way in which the U.S. government uses to subdivide public land. Land is designated as either a base line (East-West) or principal meridian line (North-South). It is a rectangular approach ...
Geographic location where a court action and trial takes place. The legal proceedings should occur in the place where jurisdiction applies. A "change of venue" may occur in a criminal ...
The imposition or collection, usually by legal or governmental authority, of an assessment of a specified amount. An example is a tax assessment on real estate. ...
Gulf Shores is a beautiful coastline city located in the southmost part of Alabama. With white sandy beaches and green-blue waters, the breathtaking views of Gulf Shores make it one of the ...
The resort town of Hilton Head is located on the coast of South Carolina, and it is more commonly known as Hilton Head Island. With about 40,000 residents and a median age of 57, the city ...
When we look at home equity, we instantly think of home equity loans or home equity lines of credit. There is a reason for that, and we’ll get to it in a bit. Firstly, however, ...
Finding Fort Washington, MD on the map is not something too complicated. Just south of Washington D.C. in a perfect location for it to protect the nation’s capital for a Potomac ...
A negative amortization is a type of loan situation that occurs when the monthly payments do not cover the principal or interest. Instead of declining, the balance of the loan actually ...
All the REALTORS® in Scottsdale are aware of the hot real estate market they are working in. With a median house price of $478,200, anything that comes on the market below this price ...
When we hear about Florida we think of beautiful beaches, good year-round weather, amusement parks, and top restaurants. Florida’s vibrant scene and diverse culture captivates many ...
Once a port town and one of the oldest of the surviving southern Maryland towns, Upper Marlboro is a place that was settled around 1695 and it is still a remarkable place today. The ...
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