House Poor | Real Estate Glossary

Definition of "House poor"

Buying more house than a buyer can afford based on his or her income.

Prefix meaning: (1) opposed or against something, as in antitrust or anti-Semitism. (2) opposite, ...

Liability without fault; also known as liability without regard to fault or strict liability. Absolu ...

A testator/testatrix who donates real property. ...

Set of standard safety guidelines adopted by many states to help provide uniformity in building cons ...

Availability of land in an urban area. ...

Type of ownership by husband and wife, recognized in 27 states, in which the rights of the deceased ...

Hazard insurance is insurance coverage that compensates for physical damage to a property from natur ...

Loss of luggage Loss of travel documents Cancellation and lost deposit expenses Medical expens ...

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

Earnest money is a deposit you make when you make an offer on a house. ...

Over 90% of all presidential-declared disasters in the United States are flood related. Leveling for ...

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

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