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Popular Real Estate Questions

Popular Real Estate Glossary Terms

Defect in the tax law that either may provide a loophole to minimize the tax payment or result in higher taxes than there should be. ...

Sums payable to the winning plaintiff by the losing defendant in a court of law; can take any or all of these forms: general, punitive, and special. ...

Loan such as a mortgage that the borrower has consistently made payments on when due over many years. The borrower has proven his creditor worthiness. ...

Contract in which the borrower agrees to the terms of a loan including payment dates, interest rate, total cost of the loan, and late payment fees. ...

Process of simultaneously appraising several pieces of property. Normally, occurs when a local government conducts a reassessment. ...