Piggyback Loan
Definition of "Piggyback loan"
Loan in which two or more lenders participate in the total financing of a single mortgage. The lenders in a piggyback loan do not necessarily have equal shares.
Popular Real Estate Terms
Business property, such as and office building, retail stores, medical center, or hotel, that operates with a profit. A risk/return relationship exists in commercial property. The return is ...
Extended area of land commonly held for subdividing and development into residential units. ...
Latin term meaning let the buyer beware. The buyer purchases at his or her risk, in the absence of fraud. This does not obligate the seller to volunteer information. However, legal statutes ...
Unexpected increase in the price of property not due to any effort on the owner's part. An example is when the appraised value of a house increases because of a population increase in the ...
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Governmentally held records of public transactions giving constructive notice that documentation exists confirming the transaction. ...
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An acre is defined as a land unit that is commonly used in the US customary and imperial systems of 66 by 660 feet (one chain by one furlong). An acre is a measure of volume used in many ...
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