Sales And Purchase Agreement (SPA)

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. ...

When it comes to relocating, there are a lot of concerns you may have about the area to which you’re moving. You’ll probably want to know everything you can about the city, the ...

Conceived in 1944, the VA loan program is one of the oldest facilities offered to veterans and service members. This type of loan is guaranteed by the United States Department of Veterans ...

Pasadena is unlike any other American city. For starters, it’s a census-designated place located in Anne Arundel County along the Chesapeake Bay, in the glorious state of blue crabs ...

The city of Cape Coral, Florida, is home to over 204,000 residents, located on the state’s southwest coast. This friendly and vibrant community is renowned for its beaches and ...

Land O’Lakes is one of the best lake communities in the state of Florida. It is located in Pasco County, and with a population of about 37,000 people, the city is a desirable place to ...

Incorporated in 1935, the city of Gulf Breeze FL is just a 15-minute drive from Pensacola. You will find it right on the coast of the Gulf of Mexico with waterfront access on three of its ...

Every city has its own charm and there is always something special that sets apart every state, region, or city. If you are coming to northern Virginia, there are definitely some unique ...

If you’re thinking of moving to Port Charlotte FL, we don’t blame you. It’s a beautiful place, with a long list of attractive qualities that might sway your opinion in ...