Overriding Royalty

Expenditure to make a specific security or real estate transaction. Real estate transaction costs include survey costs, mortgage points and origination fees, recording fees, state transfer ...

Mortgage-backed, pass-through securities that segregates mortgage pools into short, medium, and long-term. CMOs arose because GNMA or FHLMC mortgage-backed securities have uncertain time ...

When a real estate owner wants to know what their property tax liability is, they calculate the assessment ratio for their property. An assessment ration is a relationship between a real ...

Approach to determining a capitalization rate for use in valuating property so as to arrive at a suitable purchase price. To the risk free interest rate is added a risk premium to cover the ...

In legal terms, the definition of null and void (“void ab initio”) can describe an agreement that has no force or binding power. Therefore, it’s neither valid nor legally ...

A graduated payment mortgage (GMP) developed to overcome the negative amortization aspects of the GMP. The key to the FLIP mortgage is the use of the buyer's down payment. Instead of being ...

A unilateral contract is a contract where only one part holds responsibility for whatever the document promises. For instance, an insurance contract is usually a unilateral contract ...

Condition that affects the probability of losses or perils occurring. An example is possible earthquake or flood damage to a house. ...

Safety is the number one concern for many people who are browsing the housing market searching for a new home. Big cities in the US provide their residents with their desired lifestyle, but ...

If you are on the brink of making a home purchase, you probably wonder what you should buy? Nowadays, the real estate market offers various home types, from single-family and townhomes to ...

When thinking of a city where you can raise a family in a safe environment with enough amenities to provide both the young and the elderly Alpharetta offers everything a family can need. ...

When we hear about Florida we think of beautiful beaches, good year-round weather, amusement parks, and top restaurants. Florida’s vibrant scene and diverse culture captivates many ...

When you’re planning a move to a new city, there are a lot of things to research in advance. You’ll need to be in the know regarding crime rates, average home prices, the cost ...

Being a resident in Fairfax VA comes with multiple advantages. You have the economic prosperity of the area, which is highly impacted by the universities and schools. Business opportunities ...

Being densely populated, one might expect a certain level of insecurity especially when it comes to crimes in Arlington, however, it is one of the safest places one could live in. It might ...

Are you excited about moving to Austin, Texas? Then, it would be best to prepare yourself for some positive and negative aspects related to the city that hasn’t received so much ...