Definition of "Guaranty"
A promise to uphold a guarantor's contractual or financial responsibility in the even of default.
Popular Real Estate Terms
Gift of real property as stipulated in a will. ...
A mortgage provides the right to the bank to have a lien on the financed property with the borrower having title to the property. ...
If you’re in the business of purchasing properties, maybe as a real estate investor, you might be wondering what is cost segregation. Well, first of all, it’s a study that deals ...
A binding arbitration is a way to solve disputes without going to court. An alternative to the more expensive and lengthy legal procedures, a binding arbitration is basically the process ...
Same as term financial institutions: Institutions acting as intermediaries between suppliers and users of money. The financial markets are where those wanting funds are matched with those ...
Time period for which one expects to keep property such as a real estate investment. ...
Interest deductible for taxes paid by the taxpayer. It is an itemized deduction on Form (individuals) or Form 1040 (individuals) or Form 1120 (corporations). An example is interest paid on ...
Skeleton (bones) of a building. ...
Appraisal performed in accordance with the National Housing Act to determine the resale value of vacant or improved property in an urban area to be or under development. The renewal ...
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