Red Herring
Definition of "Red herring"
Slang reference for a preliminary prospectus that outlines the important aspects of a new issue securities for a real estate company, partnership, or investment trust. This prospectus contains no selling price information or offering date. It is so named because of the red-ink statement on the first page instructing the reader that the document is not an official offer to sell the securities.
Popular Real Estate Terms
Person or business that obtains mortgages for others by finding suitable lenders. The mortgage broker sometimes deals with collections and disbursements. Typically the mortgage broker ...
Statement filed with a governmental authority declaring property a homestead for the purposes of securing a homestead exemption. The declaration of homestead has no effect on the property ...
Arrangement between neighbors permitting one of them to put a beam for support on another neighbors wall. ...
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Securing lease commitments to a building prior to its being available for occupancy. For example, a developer offers a discounted lease to potential tenants providing they agree to sign a ...
Expenditures incurred subsequent to the building of a structure. ...
Same as term furring strip: Insulating material attached to crevices around doors and windows to prevent air from either entering or escaping from a structure. Tacked, stapled, or glued ...
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Individual making the payments in a mortgage or pledging a mortgage or property. ...
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