Loan Shark
lender who charges an exorbitant interest rate, which is typically illegal because it exceeds the interest rate allowed in the state. A borrower may go to a loan shark if he cannot obtain the loan at financial institutions such as banks and finance companies. The borrower is usually rejected because of his high risk.
Popular Real Estate Terms
Individuals, homeowners, and businesses often engage in disputes and conflicts that require fast resolution. However, everybody seeks to avoid legal proceedings. One amicable way to address ...
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Provision permitting a lender to charge the borrower a penalty for repaying a loan before its due date. ...
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part of the Department of Housing and Urban Development (HUD), which sees that complete disclosures are made for land sales. ...
Licensed real estate broker who has a listing of property for sale. ...
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