Trying to resolve a problem between two individuals up with some compromise or common ground. It occurs more often during times of poor economic conditions. An example is a creditor offering an accommodation to a borrower to avoid a bankruptcy situation.
A debt which is in default but which the creditor allows the debtor to rectify by lengthening the time period of the loan, reducing the interest rate, or some other accommodation. An example is a bank that elects not to foreclosure on a mortgage because of the homeowner's nonpayment, but agrees to stretch out the payments.
Are you thinking to yourself: What does replacement cost mean?When someone in the Real Estate Market mentions Replacement Cost, they are talking about an evaluation of how much it ...
In an adjustable rate mortgage (ARM), the maximum rate that can be charged during the
mortgage period. For example, John obtained an $80,000 6% ARM having a lifetime rate cap of 10.5%. ...
The age at which one is legally capable of entering into binding contracts, signing a deed and negotiating business agreements. In most states this is the age of majority. Normally this is ...
Home inspector is the name the real estate industry calls the professional responsible for the close and thorough examination of a property.
The home inspector usually is called upon ...
Interest rate on an adjustable rate mortgage based on the total of the current value of an index and margin applicable to the mortgage. The rate is the basis for the computation of monthly ...
Map within a governmental jurisdiction showing the boundary lines and ownership of all real property. A cadastral program produces the cadastral map. ...
Company formed for the purpose of owning securities of one or more real estate corporations and assuming control over their practices and management. The other corporations are generally ...
Pretty much bordering with South Carolina, the city of Charlotte, NC has experienced a steady influx of new residents that come here from all over the country. Whether they want to get ...
The city of San Antonio is part of the metropolitan area of San Antonio-New Braunfels and with a population of 1.5 million people, it is the second-most populous city in Texas. San ...
The city of Foley, Alabama, is located in the southernmost part of the state, only a short drive away from the Gulf of Mexico. The relatively small city has a population of approximately ...
While we do refer to it as we usually refer to cities, Arlington, Virginia, is not a city. There are many who think it should as it feels, acts and looks like one, but still, Arlington is a ...
Located in southern Montgomery County the city of Bethesda, MD has a population of about 60,000 that is rapidly growing. This thriving urban community is well known for a number of things ...
Located in the southeastern part of Mecklenburg County, North Carolina is the town of Matthews, an uprising suburb of Charlotte. With a population of about 32,000 people and stretching for ...
Real estate agents like to advance their careers and sometimes they choose to do this outside of the US. As the real estate market industry is an industry that is well developed in most of ...
The perks and benefits of living in a world-famous tourist destination are unlimited, and many find it to be the ultimate lifestyle in terms of quality, luxury, and amenities. Miami is ...
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