Tax Foreclosure

An income feature added to a mortgage whereby the mortgagee earns income in addition to the mortgage interest and principal payments. Also called an equity kicker, a kicker allows the ...

Ambiguous contractual language that may result in an unsuspecting buyer of a real property incurring obligations or risks not clearly evident. ...

Right of property owner to have his or her property used in satisfying a loan. Written contract of court judgment placing a lien on a parcel of property as collateral for a loan. An ...

Summary of a judicial decision in a legal case. ...

Loan such as a mortgage that the borrower has consistently made payments on when due over many years. The borrower has proven his creditor worthiness. ...

Occurring two times per year; also called semiannual. On the other hand, biennial means occurring each two years. ...

Used to support two properties; it is attached to both. ...

Agreement in which the promises of the parties are revealed in words, either orally or in writing. ...

Located in the Southwest of Florida, the city of Cape Coral is known for its canals and waterfront wonderland. Many people migrate here during winter or settle for a comfortable but active ...

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-term debt) to your monthly gross income. Lenders use this ratio-sometimes called the ...

Located on the Eastern coast of Florida’s northern half, the city of Palm Coast, FL can pride itself with amazing beaches, great weather, amazing outdoor activities and a fair ...

A limit on an adjustable-rate mortgage. ...

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of the figure. Most lenders use the ratio 28/36. The first number, which is also referred ...

Within the Chesapeake Bay in Maryland lies the charming city of Annapolis, MD in Anne Arundel County. It is one of the most desirable places to live in and people argue that it is one of ...

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 ...

Having a good job market in the area you are living is an important aspect that could impact your way of life or whether you decide to relocate in the near future. Job opportunities are one ...