Tract House

The person to whom a debt or obligation is owed. ...

Provision in a mortgage permitting the owner of property to transfer the mortgage to a buyer. ...

The interest and principal paid on a loan. Debt service is normally paid biweekly, monthly, quarterly, or annually depending on the terms of the loan. See also amortization. ...

Judicial order requiring the named person or business to act or not act on something. An example is an order to a tenant to make rental payments to a landlord. ...

To have a debt is to owe someone something. A debt may be a service, may be money or goods. May even be of gratitude. In the finance world, however, it usually is a way that institutions ...

Cash earnings generated from a real estate investment or property. Cash earnings equals cash revenue less cash expense. The cash earnings may or may not be discounted to its present value ...

Document evidencing the passage of title to a purchaser of property sold for taxes. The tax deed is issued upon foreclosure of the property lien. Typically, there is a grace time period ...

An iron pipe, stone, tree, or other fixed point used in making a survey. ...

What is a good credit score ? In 2020, our credit score is an essential and integral part of our financial lives. Replacing outmoded concepts like a good reputation and an unbroken word of ...

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 ...

Wondering what is the difference between a condominium and an apartment? Well, differently from the difference between an apartment and a flat, this one is not so much related to word ...

Are you wondering what is the difference between being prequalified and preapproved for a loan? Do you always get confused because they seem pretty much the same thing, right? But there is ...

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate below the current market rate. The developer or seller pays interest costs in order to ...

You know what is the truest answer to “who can put a lien on your house”? Yourself. We’re not trying to be smart here; it’s the truth. Failing to pay up a ...

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after excluding present and future rights-of-way, restricted hazard areas, public open spaces and ...

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest, property taxes, and insurance (OITI)-compared to the borrowers gross, pretax monthly ...