National Flood Insurance

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. ...

The definition of “auction” is derived from the Latin word “auctus” which means “increasing”. A home auction is a sale where bidders place one bid after ...

Tampa is a city in Tampa Bay, along Florida’s Gulf Coast. Often wrongly referred to as Tampa and St. Petersburg as being one, the city of Tampa, Florida, focuses on bringing its ...

It’s a simple thing, really. And quite natural too. You’re thinking of moving to Estero FL, and you want to know what county it’s in. There are any number of reasons you ...

With an excellent job market, an attractively low median housing cost, and an exceptionally low cost of housing, there is no doubt that the city of Jacksonville is a great place to live. ...

Your workplace 401(k)s are employer-sponsored retirement accounts that allow employees to assign a portion of their pre-tax salary into that account. Employers can match your contribution ...

The small suburban city of Pooler, Georgia is located 20 minutes away from its much larger Georgian sibling of Savannah. Its close proximity to this economical hub influenced Pooler’s ...

Incorporated in 1935, the city of Gulf Breeze FL is just a 15-minute drive from Pensacola. You will find it right on the coast of the Gulf of Mexico with waterfront access on three of its ...

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest, property taxes, and insurance (OITI)-compared to the borrowers gross, pretax monthly ...