Third Party | Real Estate Glossary

Definition of "Third party"

Pamela Torgrimson

Arizona Realty ONE Group

Person or business indirectly having an interest in an occurrence, transaction, or situation.

Unfunded trust that acts as the owner of a life insurance policy. The trust receives a donor's cash ...

Legal mechanism available for a person who is over his head financially and is unable to meet his fi ...

Government-supervised health care system with economic incentives for providers and consumers. ...

Circumstance in which no agent is servicing a debit. ...

A triangular shaped end of a building where a double sloped roof meets at the top of the triangle. A ...

Coverage for dispensers of alcoholic beverages against suits arising out of bodily injury and/or pro ...

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing ...

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

A VA loan is a type of loan available to veterans and guaranteed by the Department of Veterans\' Aff ...

Our agents have a wide range of coverages available, as well as an array of choices for limits and d ...

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