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
Room containing a toilet and wash basin, but does not include a shower or bath tub. ...
The addendum definition is an attachment, clause, or section added to an agreement or contract specifying additional terms, conditions, or requirements to the original agreement or ...
The closing process is the final step of a property sale. It starts when the home seller agrees to the home buyer’s offer and it ends after all Closing costs are paid ...
Short-term leases are leases that run its completion in a faster time than regular ones.In real estate, short term-leases usually refer to temporary housing; that is: rent.The length of a ...
Clay-baked, glazed piping that is not damage by water. It is often used in underground drainage. ...
Valuation method for land or improvements to property. It takes into account gross rentals less operating expenses. ...
Nonload bearing layer of brick covering a wall of decorative purposes only. The wall is usually constructed of wood framing or masonry block. ...
Proposing or presenting for acceptance a price for a property parcel. Evidence of willingness to enter into a sales agreement. The bid price in a real estate or security ...
Rooflike cover that extends over any place to provide shelter from the sun, rain, or wind. ...
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