Escrow Agent
Definition of "Escrow agent"
The individual responsible for an escrow account.
Popular Real Estate Terms
Removal of land by the action of water. See also erosion. ...
Also know as Fannie Mae, the FNMA accept bids from approved lenders as to the amount, price and terms wish to sell Fannie Mae. Upon deciding how much money it will spend during a given time ...
See assumption of mortgage; deed of trust. ...
British thermal unit-a unit of energy associated with the creation of heat. Prior to 1929, it was defined as the amount of heat required to raised the temperature of 1 pound of water 1 ...
Additional utility an individual receives when purchasing an additional unit of a commodity or service. Represents a trade off between units of cost and unit of utility. For example, an ...
Home of 1 to 3 stories with stucco outside and a roof made of red tiles. ...
Loan service charge; each point equals 1% of the amount of the total mortgage loan, which must be paid up front when a home is purchased. It is a one-time, immediate charge that increases ...
A cost of funds index that most adjustable rate mortgages written in California in recent years are tied to. Computed by the Federal Home Loan Bank of San Francisco, it reflects the cost ...
An individual legally fit and able to undertake an activity or function. ...
Have a question or comment?
We're here to help.