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.
Approach to valuing property based on its replacement cost. The cost of each major element of the property per square foot is added together and multiplied by the total space to estimate ...
Lack of supply of real property. When demand exceeds supply, price of the property goes up. For example, if there are only a few homes in a town that everyone desires to reside in, the ...
Trying to resolve a problem between two individuals up with some compromise or common ground. It occurs more often during times of poor economic conditions. An example is a creditor ...
Oral or written contract that is not enforceable by the judicial system. Examples are contracts with minors, fraudulent agreements and contracts that exceed the statute of limitations. ...
Building's total floor area, in square feet, designed for tenant leasing. The GLA in normally calculated from the outside walls to any existing room partitions. ...
The term actual notice is used most often in connection with property law, but the concept can also be applied in other law areas. To define actual notice, we can look at the two major ...
Lakewood Ranch is one of the most prosperous and highly sought after communities in Florida. The city stretches for 48 square miles and it is a place where families, children, couples, and ...
Finding Fort Washington, MD on the map is not something too complicated. Just south of Washington D.C. in a perfect location for it to protect the nation’s capital for a Potomac ...
The city of Foley, AL is a town in south Alabama, the last stop before the shore of the Gulf of Mexico and a destination for students during spring break as well as families and retirees. ...
A home purchase is never an easy decision to make, especially since a lot of money is being invested. During the home buying process, the location plays a crucial part that influences the ...
To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of the figure. Most lenders use the ratio 28/36.
The first number, which is also referred ...
In order to pick one thing that Charlotte, NC is known for you have to overlook several amazing things about this city. Stepping away from insane roller coasters you’ll find amazing ...
If you’re planning to move to the city of Huntersville, you’re probably doing your research to find out as much as you can about the city before you make the decision. ...
So you’re thinking of moving to Plano. We don’t blame you! It’s a beautiful city, with a vibrant, eclectic atmosphere, excellent job opportunities, and an excellent public ...
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