Model Furnishings

A written agreement between institutional investors to buy or sell ownership shares in mortgages. An institution such as a bank can agree to buy a certain number of shares in a single or ...

Map within a governmental jurisdiction showing the boundary lines and ownership of all real property. A cadastral program produces the cadastral map. ...

Pledge of personal property, e.g., furniture, as collateral for a note. If the debt is not paid, the holder of the mortgage will receive the mortgaged property. See also mortgage. ...

The term assessed value is used to define the dollar value of a property for the applicable taxes. The evaluator, a tax assessor, determines the property’s assessed value for tax ...

A situation that occurs when borrowed funds cost more than they produce. ...

A minimum amount a lender is willing to provide on a commercial loan for a building designed to be tenant occupied. A floor loan is progressively funded as the building moves from the ...

The Real Estate Settlement Procedure Act (RESPA) is a piece of law passed by the US Congress in 1974 to protect homebuyers and home sellers against bad settlement practices. The Real ...

Charge assessed a mortgagor by the mortgagee when assuming a pre-existing mortgage. The assumption fee is often included in the closing costs when purchasing property. ...

Fort Myers is a city located in the southwest region of Florida. Also, the county seat of Lee County, Fort Myers holds a population of about 75,000 people. The city was named after Colonel ...

Land O’Lakes is a CDP(census-designated place) located in Pasco County Florida, in the Tampa Bay area. Close to the Gulf of Mexico coast but far enough that Land O’Lakes forms a ...

The city of Alexandria, Virginia, is an independent municipality that pertains to the Commonwealth of Virginia and can be found in the state’s northwest. On the city’s right, ...

You came in here looking to find out what happens when a property starts to depreciate but the truth is that the question comes from a false premise because not all properties depreciate. ...

Are you confused because you can never tell what is the difference between an apartment and a flat? Don’t feel bad about it. Everyone has this doubt. And, to be honest, ...

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing a specific interest rate for a specified amount of time. ...

Jacksonville Beach is a coastal resort city, located in Duval County, Florida and it is one of the fastest-growing cities in the state. The high quality of life, accessibility, community, ...

The small community of Hampstead, NC, can be found in Pender County, around 30 minutes away from Wilmington, North Carolina. As can be expected from small communities, Hampstead manages to ...