Statutory Redemption Period

A written agreement between institutional investors to buy or sell ownership shares in mortgages. An institution such as a bank can agree to buy a certain number of shares in a single or ...

Map within a governmental jurisdiction showing the boundary lines and ownership of all real property. A cadastral program produces the cadastral map. ...

Pledge of personal property, e.g., furniture, as collateral for a note. If the debt is not paid, the holder of the mortgage will receive the mortgaged property. See also mortgage. ...

The term assessed value is used to define the dollar value of a property for the applicable taxes. The evaluator, a tax assessor, determines the property’s assessed value for tax ...

A situation that occurs when borrowed funds cost more than they produce. ...

A minimum amount a lender is willing to provide on a commercial loan for a building designed to be tenant occupied. A floor loan is progressively funded as the building moves from the ...

The Real Estate Settlement Procedure Act (RESPA) is a piece of law passed by the US Congress in 1974 to protect homebuyers and home sellers against bad settlement practices. The Real ...

Charge assessed a mortgagor by the mortgagee when assuming a pre-existing mortgage. The assumption fee is often included in the closing costs when purchasing property. ...

Boca Raton is a town located in Palm Beach County, South Florida with an estimated population of 99,224 according to the most recent United States census done in 2019. The city of Boca ...

With 236 sunny days in a year and no freezing temperatures, Clermont really deserves a closer look. And even though it is in the heart of Lake County, the risk of having your house flooded ...

Annapolis, MD is a beautiful city located on the Chesapeake Bay in Anne Arundel County. It has a population of about 40,000 people with a median age of about 37 years which makes it a good ...

Bethesda is a small city located in Montgomery County, with a population of about 60,000 people. The city is just a stone’s throw away from the capital city of the US, Washington DC ...

The first time you set foot in Lakewood Ranch FL you are just amazed at how gorgeous this town is since the master-planned residential development that took place in 1994. This project ...

It’s time you started thinking about your retirement years! Don’t let old age take you financially unprepared! It can be nerve-wracking to wake up one day without a nest egg to ...

Any move is stressful, no doubt about it. And it can put a lot of pressure on you, even financially. Like everybody else, you have a few expensive items that you want to make sure that ...

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mortgages (ARMs). This index is based on the results of auctions the U.S. Treasury holds for ...