Turnaround Property

A written agreement between institutional investors to buy or sell ownership shares in mortgages. An institution such as a bank can agree to buy a certain number of shares in a single or ...

Map within a governmental jurisdiction showing the boundary lines and ownership of all real property. A cadastral program produces the cadastral map. ...

Pledge of personal property, e.g., furniture, as collateral for a note. If the debt is not paid, the holder of the mortgage will receive the mortgaged property. See also mortgage. ...

The term assessed value is used to define the dollar value of a property for the applicable taxes. The evaluator, a tax assessor, determines the property’s assessed value for tax ...

A situation that occurs when borrowed funds cost more than they produce. ...

A minimum amount a lender is willing to provide on a commercial loan for a building designed to be tenant occupied. A floor loan is progressively funded as the building moves from the ...

The Real Estate Settlement Procedure Act (RESPA) is a piece of law passed by the US Congress in 1974 to protect homebuyers and home sellers against bad settlement practices. The Real ...

Charge assessed a mortgagor by the mortgagee when assuming a pre-existing mortgage. The assumption fee is often included in the closing costs when purchasing property. ...

Located in the southwest region of Florida, the city of Fort Myers represents one of the main tourist attractions in the state. The city holds about 75,000 people with a median age of ...

Dallas is a city that holds around 1.3 million people and its prosperous economy has drawn a lot of people to the area. The beginning of Dallas’s economic prosperity started with the ...

Satellite Beach is a small, quaint town located in Brevard County, that fronts the Atlantic Ocean, creating one of the most beautiful coastlines in Florida. With a total area of 4.3 square ...

In this modern world, just about everyone has a job. Without a job, you can’t buy a home. Without a job, you won’t be able to put gas in your car or even buy a car. This being ...

When you go to Florida’s west coast, you should know what to expect from your trip or your move. So, before we get into all the reasons why Fort Myers, FL, is worth visiting, we will ...

Yes and no.The yes part of the answer is pretty standard; we’ve been covering it in the many many articles we put out on our real estate advice and tips page exposing the ...

Located on the barrier island of South Carolina, the resort town of Hilton Head is one of Lowcountry’s most renowned tourist destinations. With a population of about 40,000 residents ...

A proration is the division of certain fees. If the sellers have paid the taxes six months in advance, for example, they may want a portion of that payment back for the months you are ...