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 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. ...
Wondering how to calculate the fair market value of a property?
It helps if you understand that it’s all about an estimate; you’ll hardly bull’s-eye-it.
Fair market ...
Not only can homeowners associations impose pet restrictions but almost 100% of them do.
Here’s the thing: the job of a homeowners associations or HOA is to look at the big ...
The first answer that comes to mind when someone asks how does where you live affect how you live is: do you have a lot of spare time? Because this one takes a while to answer…
Like ...
Every city has its claim to fame. For Chicago, it's the windy weather, a strangely shaped mirror sculpture, and one slightly above-average baseball team. For New York City, it’s the ...
Most residential communities have a homeowner’s association (HOA) structure that ensures a well-maintained environment and deals with common maintenance issues. Typically if you are ...
San Antonio, Texas has rapidly grown in the past few years. There is no surprise that between 2000 and 2010 it was declared the fastest-growing city in the United States.
With a ...
When you live by the Gulf of Mexico, with white sandy beaches all around and the lovely breeze tickling your ankles as you see some of the most amazing sunsets in the world, are you really ...
The Sunshine State holds some areas that are popular worldwide and some that are less known but just as important from a historical perspective. Everyone has most likely heard about Miami ...
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