Trustee | Real Estate Glossary | Realestateagent.com

Definition of "Trustee"

Third party to a bankruptcy proceeding. The trustee's responsibility is to value and recapitalize the real estate firm if it is to be reorganized.

Revised specifications requiring a modification in work. ...

Weighted average of the returns earned on the insurance company's investments in stocks, bonds, real ...

One of the parties is unable to satisfy the conditions of the purchase and sale contract. ...

One named under provisions of the employee retirement income security act of 1974 (erisa) for a term ...

A person has the option of canceling a contract previously agreed to. ...

A federal agency that guarantees mortgage securities that are issued against pools of FHA and VA mor ...

A convertible ARM is an adjustable- rate mortgage (ARM) that can be converted into a fixed rate mort ...

A lock in guarantees a certain interest rate for a certain period of time. ...

A home warranty is a guarantee for certain features of a new home-for instance, the materials and wo ...

A type of mortgage in which the loan amount is amortized over the full length of the loan (usually 3 ...

A down payment is the money you pay up front for the purchase of a home. ...

A foreclosure is the legal process by which a mortgage property is seized due to default and then so ...

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