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
Law involving noncriminal issues such as breach of contract, libel, slander, and accidents. ...
A sash window having two vertically moving sashes respectively offset by sash weights. Each sash closes a different part of the window. ...
Drain facility usually underground for waste and water disposal consisting on connected pipes. ...
The net operating income definition is the total profit generated by a business or real estate development after the necessary operating expenses are taken out. In order to determine the ...
Language commonly used in a fee simple title conveyance. The significance is whether the title is clear and can be passed on to the purchaser's estate including all heirs and those who may ...
Amount invested in property in cash. ...
The definition of acquisition cost in real estate is the total cost recorded by a company or individual pertinent to the purchasing of a property. This is the entire amount written down in ...
Percentage of rentals estimated not to be made because of actual and anticipated vacancies. ...
Court or government regulatory order to stop doing something, such as not showing minorities certain neighborhoods. ...
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