Mortgage Servicing
Definition of "Mortgage servicing"
Monitoring and administrating a mortgage lien after it has been made. This may include monthly payments, record keeping, handing tax and insurance record, and foreclosure of property. A mortgage banker services the loans.
Popular Real Estate Terms
Part of something such as the units making up a heating or air conditioning system in a building. ...
Payment made by the tenant to the landlord for the right to use property, such as an apartment or office. ...
See concrete block. ...
In short, an overage means a surplus or an excess of money. An overage can present itself at a property at an auction where the asset has gone over the asking price. Suppose there’s a ...
" A metal plate attached to the lower end of a door to prevent marring from people "kicking" the door in order to open it. A metal plate mounted on the open edge of a stairs platform." ...
Managing partner of a limited partnership who is in charge of its operations. A general partner has unlimited liability. Member of a partnership who is jointly and severally liable for ...
The abstraction method is a valuation procedure used to determine the land value relative to the total market value of the property. The abstraction approach is most often used when there ...
Performance of a complete inventory of real property within a jurisdiction. A cadastral program produces the cadastral map. ...
Depressed, poorly kept locality that may include vacant businesses. It may be a high crime area. The people living in the area are typically poor and there may also be homeless people. ...
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