Property Brief

Definition of "Property brief"

Summarization of the attributes and characteristics of the property such as that indicated in the legal records.

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Related Real Estate Glossary terms

Penalty Clause

Contractual provision specifying a dollar amount or rate an individual to the contract must pay for ...

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Tax And Insurance Escrow

When a mortgage loan is provided to a borrower, the lender establishes a fund called a tax and insur ...

Alternative Minimum Cost Method

Means of funding permitted under the employee retirement income security act of 1974 (ERISA). The ad ...

Internal Rate Of Return

Method used to determine the policyholder's return on premiums paid into a life insurance policy. Th ...

Rent Controls

Governmental policy establishing the maximum amount of rent landlords can charge tenants. A tenant ...

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An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

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A Ginnie Mae is a name for the Government National Mortgage Association (GNMA), which is a governmen ...

What Is An Origination Fee?

An origination fee is a fee paid to a lender for processing a loan application. ...

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Hazard insurance is insurance coverage that compensates for physical damage to a property from natur ...

What Is A Sales Contract?

A sales contract is the contract you draw up when you want to make an offer on a home. ...

What Is A Point?

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the i ...

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