Inwood Annuity Factor

Method of using the buyer's down payment on a home as an interest bearing collateralized account to help offset the mortgage amortization process. The home down payment is used to ...

Recording an expenditure having a benefit of more than one year to the cost of the property. ...

According to value ...

The first mortgage on property when other mortgages exist as well, as in the case of a wraparound loan. For example, the total amount financed might be %200,000 of which the first lien is ...

Retail businesses next to each other with common walls on each side and the same roof. ...

Alleged to be real or genuine. What appears to be such as a real estate agent's seeming authority to act on behalf of a principal. However, the agent may not in fact have real ...

Multi-family housing complex of rental apartments managed by either the property owner or a resident manager. ...

Court order to seize and sell property because of the nonpayment of taxes, or foreclosure of property. ...

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a house on your behalf. ...

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-term debt) to your monthly gross income. Lenders use this ratio-sometimes called the ...

The right of a property owner to have and enjoy all of the advantages of property ownership including air right, mineral rights, riparian rights, and rights to alluvion, as well as manmade ...

A default is when a person fails to make payments on a loan. ...

Changes in the market conditions, or improvements to the property that increase the value of the property. ...

Flood insurance is insurance that compensates for the physical property damage resulting from rising water. ...

A condominium is a form of home ownership in which the owner owns the airspace within the walls but doesn't own the actual walls, ceilings, or floors of the home. ...

A credit report is a report of all your debt information compiled by an independent agency. The credit report shows all outstanding debt as well as a record of payment on outstanding debts. ...