Hidden Clauses

Use of other people's money (OPM) in an attempt to maximize the return but at high risk. The use of leverage in real estate investing is a way to maximize yield on a small down payment. ...

What is real estate speculation? The term real estate speculation may have a difficult definition, but explaining it may be easier. Think of the stock market, buying stocks when they are ...

Revised specifications requiring a modification in work. ...

Piece of land that id divided into smaller pieces by its owner for the purpose of improving them for future sale. ...

Geographic location by itself with designated boundaries. An example is a district. ...

Geographical area for which a given governmental agency has authority and responsibility. For example, the jurisdiction of a county court is the county in which it is located. ...

Same as term abstract: An abridge copy or summary of a document. ...

When an owner of real estate dies interstate, having no enforceable will, the property descends, by operation of law, to the owner's inheritors. ...

Clermont Florida is well known for its beautiful suburban neighborhoods and its high population of “snowbirds”, wealthy retirees from the northern US who spend their winters in ...

Wondering how to calculate the fair market value of a property? It helps if you understand that it’s all about an estimate; you’ll hardly bull’s-eye-it. Fair market ...

The state of Tennessee has been one of the hardest states hit by the sub-prime mortgage crisis of 2007-2008. Since then, the state has constantly fought to make homeownership more ...

Recently sold properties that are similar in size, location, and amenities to the home for sale. These properties help an appraiser determine the fair market value of a property. ...

When searching for a new place to live, there are few things that are likely to concern someone more than safety. How many crimes are committed yearly, per capita? What demographics are ...

Most people would say that living in the capital city is one of the best places you can end up during your lifetime. It is hard to argue with that when it comes to Annapolis, MD since it is ...

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A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance) to your monthly gross income. Lenders use this ratio to qualify you for a loan. ...