Also called interim financing. A mortgage that provides the funds necessary for the building or construction of a real estate project. The project c ...
Bond collaterized by real assets. Two kinds of mortgage bond are senior mortgages and junior mortgages. A mortgage bond may have a closed-end provisio ...
Raising money by mortgages and borrowing the money directly from financial institutions. The presence of debt financing provides financial leverage, ...
Creating a forest cover on a land area not previously forested. Not only increases the aesthetic value of the land, but helps to prevent erosion there ...
(1) Surrendering voluntarily or involuntarily ownership of property or an interest therein. (2) Court order to give up possession or the right to pro ...
A title search is the process of reviewing court records and other records to ensure that there are no liens or claims against the property you are bu ...
The right of a property owner to have and enjoy all of the advantages of property ownership including air right, mineral rights, riparian rights, and ...
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 o ...
To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of the figure. Most lenders use the ratio 28/36. The ...
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