Institutional Lender
Definition of "Institutional lender"
- Financial intermediaries who invest in deeds of trust and mortgages, and hold them in their own portfolio.
- Large financial firm that uses depositors' money to lend to borrowers. Examples are commercial banks and savings and loan associations. Mortgages are a common form of financing. There are stringent government regulations over the activities of institutional lenders.
Popular Real Estate Terms
Deed used to convey property back to the original property owner. Normally a reconveyance deed is issued upon the satisfaction of a property's mortgage. ...
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Structural, storage, and shelving characteristics associated with a warehouse. ...
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Builder's ten-year guarantee that their workmanship, materials, and construction are up to established standards. The HOW provides reimbursement for the cost of remedying specified defects. ...
Drawing for the entire structure or part of it that is detailed and in scale so that engineers and construction workers may readily follow it. ...
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Null or void something; Revoke or destroy; rescind or set aside; abandon; abolish; repeal; surrender; waive; terminate. In real estate, to void a buy or sell order, price, or quantity. The ...
Legal action of a landlord to remove a tenant.The tenant may have violated the lease agreement such as for the tenant's failure to pay the rent. ...
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