Shared Equity Mortgage (SEM)
Bank receives equity participation in the house as a result of lending the homeowner money. When the house is sold, the bank will receive its proportionate share of the proceeds. In such an arrangement, the bank sometimes pays the down payment for the house because of the homeowner's poor financial condition.
Popular Real Estate Terms
Insulation covered on each side by a material, such as metal. ...
Stipulation in a contract on how property can or cannot be used. For example, a rental agreement may stipulate that an apartment may not be used for retail trade. ...
As one of the principles of contract, the lawful object meaning can be defined as an object or action which is authorized, approved, and not prohibited by law. A contract to be legal ...
Date of the valuation of property, usually contained in a report. ...
Real rate of interest on a loan. It is the coupon rate divided by the net proceeds of the loan. Assume Sharon took out a $1,000,000, on year, 10% discounted loan to buy real estate. The ...
If you’re a renter and you own a pet, you might be familiar with the term pet rent. There has been a lot of discussion about the meaning of pet rent and controversy as it isn’t ...
The allocation method estimates the value of the property’s land by gathering information from comparable properties. The allocation method of estimating site value is ideal, however, ...
Used when determining the worth of an annuity that reinvests the amount of recaptured investment at a risk-free interest rate. ...
An offering of securities, stock and/or debt, directly to investors rather then through the public exchange markets. An advantage of a private placement to a real estate business is that ...
Have a question or comment?
We're here to help.