Tandem Plan
Government program of providing low interest rate mortgages to low-income qualified buyers. In the tandem program, the Federal National Mortgage Association (FNMA) purchases low interest rate mortgages at a discount from the Government National Mortgage Association (GNMA). In doing this, GNMA subsidizes the low-income home buyer and incurs a loss on the transaction.
Popular Real Estate Terms
Will not meeting all the requirements of a valid will. ...
Fluctuation in sales, profits, rat of return, etc. Likelihood of declining value. ...
Expenditure paid to occupy property over a specified time period. ...
Request of a local government's planning body to alter the zoning requirements based on a justifiable reason. ...
When we think of rural property or rural real estate, most of us think of farms, properties with large areas designated to agricultural land. That’s how rural communities generally ...
Real property located in an excellent area for its designated objective. An example is a restaurant situated near office buildings, on the main boulevard, so it is easy to see, and has ...
A knowledgeable person authorized to aid in the underwriting of property and casualty insurance. ...
Expert in real estate who has an education in real estate appraisal as well as having significant professional experience. A recognized license may be obtained from the Member Appraisal ...
Legal responsibility for something. For example, an owner of commercial property (e.g., restaurant) is legally obligated for damages on that property (e.g., restaurant patron falls and ...
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