A noncurrent loan in which the principal, interest, or maturity is related to a particular index. Therefore, period adjustments are necessary to conform to the change in the applicable index. A case in point is an adjustable rate mortgage.
Debt secured by a lien on property.
Commitments related to unfilled contracts for real estate. The purpose of encumbrances is to prevent further expenditure of funds considering the ...
A mortgage loan where the bank provides the mortgagor the required funds to purchase property the bank has obtained through foreclosure on outstanding mortgages. For example, John obtains a ...
Property used consistently for many years by someone without challenge from the owner.
Easement resulting from law such as the reasonable expectation that a purchaser of one or two ...
What’s the definition of real estate collateral?
Could we say it’s like keeping a hostage? No, that would be relatively insensitive. But the idea is similar. In real estate, ...
A clearly stated notice that an owner or operator will not assume responsibility for an inherent risk. For example, at a parking garage, a large notice of nonresponsability clearly states ...
Fort Mill is a city in South Carolina that is located in York County. Fort Mill is about 19 miles south of downtown Charlotte, and about 8 miles south of Rock Hill. With a population of ...
Located in the north-east side of Texas, close to the border with Oklahoma, the city of Dallas, TX is the third-largest city of Texas. With a population of over 1.3 million residents, ...
When we hear about Florida we think of beautiful beaches, good year-round weather, amusement parks, and top restaurants. Florida’s vibrant scene and diverse culture captivates many ...
There are a lot of reasons to move to Plano Texas. From the ready availability of jobs to the thriving arts community and low crime rates, there are a number of things that may have ...
Land O’Lakes is one of the best lake communities in the state of Florida. It is located in Pasco County, and with a population of about 37,000 people, the city is a desirable place to ...
A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest, property taxes, and insurance (OITI)-compared to the borrowers gross, pretax monthly ...
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 ...
Find a Real Estate Agent
Read why Real Estate Agent rates 5 Stars in over 20 Agents Reviews
Have a question or comment? We're here to help.