Sight Line

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. ...

The small community of Hampstead, NC, can be found in Pender County, around 30 minutes away from Wilmington, North Carolina. As can be expected from small communities, Hampstead manages to ...

Since real estate is one of the most valuable assets on Earth, architects and builders have to comply with a number of building codes, depending on the size and destination of their ...

Foreclosures are often financially devastating for those that fall victim to them. Far from the least of the problems that foreclosure will inevitably lead to is the negative impact on the ...

Here you are asking us: “Do I have a lien on my home?” We don’t know. Do you? Here are some of the reasons why one would have a lien on their home: Defaulting. ...

Hilton Head is an island located on the coast of South Carolina in a region called “Lowcountry”.  This region has a rich culture and history that sets it apart from other ...

Located one hour north of the border and the chair seat of Pima County, the city of Tucson, AZ is a flower in the desert. As part of the Sonoran Desert, the flora and fauna in and around ...

A seller takeback is a type of financing in which the seller arranges for the financing on a property. ...

Do you have second thoughts on paying “dubious fees,” especially if you move to a new neighborhood? Don’t worry; many share the same feeling. In this FAQ, we intend to ...