Mortgage Bonds
Bond collaterized by real assets. Two kinds of mortgage bond are senior mortgages and junior mortgages. A mortgage bond may have a closed-end provision that prevents the firm from issuing additional bonds of the same property or may be an open-end mortgage that allows the issuance of additional bonds having equals status with the original issue.
Popular Real Estate Terms
A right or portion of property reserved to the grantor in a conveyance by deed. Waiver of a requirement in a lease agreement such as the landlord allowing an old tenant to have a cat or a ...
Performance of a complete inventory of real property within a jurisdiction. A cadastral program produces the cadastral map. ...
Paneled brickwork between timber quarters, a framed wall, or partition. ...
Principle stating that all joint tenants must acquire their interest from the same deed or will. ...
Exterior wall not supporting a load, mostly found in office buildings. ...
Value of property is reduced form usage oven time. The problem is worsened when repairs and maintenance have not been made. ...
Insects that destroy the support wood in the structure of a building. Termite inspection should be periodically performed to detect their existence. If an infestation is confirmed, the ...
Section of the Internal Revenue Code that addresses tax-free exchanges of certain property. The general provisions for a tax-free exchange of real estate are that the properties must be ...
Insurance protection for the replacement cost of damaged property. Thus, the accumulated depreciation is not subtracted in determining the amount of reimbursement. ...
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