Incapable of performing duties because of a lack of knowledge and training. The individual may not possess the qualifications and credentials. For example, a prospective buyer of real estate cannot rely on an incompetent salesperson.
Character defines as a set of qualities that set apart a person, place, or object from others. When it comes to people, a character describes moral qualities and personality traits that ...
A legal procedure to sell a mortgage property to the highest bidder in order to satisfy a mortgage claim from a mortgagee against the value o the property. A foreclosure sale can occur from ...
A closed-end mortgage is a mortgage in which the collateralized property cannot be used as security for another loan. See also open-end mortgage for a better understanding of the ...
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 ...
How many days, months, or years are required before a new building has the desired
occupancy ratio. The occupancy rate influences the amount financial institutions are willing to
lend. ...
Fee a borrower is assessed for the right to make a loan payment before the due date. An example is the prepayment charge for paying-off a mortgage early. ...
Individual: Adjusted gross income less itemized deductions and personal exemptions. After taxable income is computed, the tax to be paid can be determined by looking at the tax rate ...
There are many places across the United States that are great for families to live or for young professionals. The Villages from Florida is one of those places but with a focus on retirees. ...
It’s not hard to figure out why a property has a high market value, especially if you have the qualities of a real estate investor. But what happens to the properties that sell for ...
The quiet, sophisticated town of Bowie MD is nestled cozily between the US capital of Washington DC and Annapolis, Maryland. This town is known for many things, from its beautiful suburban ...
A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest rate can increase or decrease over the life of a loan. ...
Gulf Shores is a beautiful coastline city located in the southmost part of Alabama. With white sandy beaches and green-blue waters, the breathtaking views of Gulf Shores make it one of the ...
Located about an hour away from both Jacksonville and Orlando, the city of Palm Coast dwells in Flagler County, on the Eastern coast of Florida. It spreads over 96.05 sq miles of land and ...
The town of High Point has received its name after it was marked on the map as the highest point of the 1856 North Carolina Railroad. Nowadays, the city is conveniently located in the ...
Boca Raton is a town located in Palm Beach County, South Florida with an estimated population of 99,224 according to the most recent United States census done in 2019. The city of Boca ...
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