Rescission

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. ...

If you’re thinking of moving to Scottsdale, you probably have a lot of questions; what is there to do in Scottsdale? Is Scottsdale safe? What type of people live in Scottsdale? While ...

If you’re thinking of moving to Estero FL, we don’t blame you. We’ve all been there! As a classy beach town with a long list of practical attributes that make it an ...

Earlier this year, at the end of spring, home sellers listed their properties at a median price of $365,000 according to Norada Real Estate Investments. The median sale price, though, or ...

Alexandria ranks as one of the most desirable places to live and there are a few aspects that persuade people to move here. The scenic Potomac River and the historic Old Town Alexandria are ...

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

When you’re moving to a new city, it’s nice to know just what that city is known for. Every city has its claim to fame, after all. If the city you’re thinking of moving to ...

With an increasing population that has been on a steady annual growth rate of around 1% ever since the 2000s, Greensboro has been a destination many people chose to put down roots. ...

Indian Harbour Beach FL is known for being “Florida’s Greatest Little City”. In spite of its size and about 9,000 residents that inhabit the area, the city of Indian ...