Real Estate A-Z
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| Title | Description | |
|---|---|---|
| Realtor | A Realtor is a real estate agent who is a member of the National... | |
| AAA Tenant | AAA tenant, pronounced as "triple A tenant"... | |
| Bankruptcy | A common term used to mean insolvency... | |
| Capitalization Rate | Commonly referred to as the "cap rate". It is ratio... | |
| Depreciation | The process of deducting some portion of the cost... | |
| Easement | A non-possessory right to use another's property... | |
| Forbearance | The act of choosing not to exercise a right... | |
| Ginnie Mae | Ginnie Mae is the popular term for the Government... | |
| Hard Money Mortgage | Unlike traditional mortgages which are used to finance... | |
| Impound Funds | Often, residential real estate lenders require borrowers... | |
| Jumbo Loan | A jumbo loan is a loan that exceeds the limit for a "conforming... | |
| Mortgage | A mortgage is a pledge of real estate as collateral to a note... | |
| Lease With Option To Buy | A variation of the option to buy. The buyer agrees to purchase... | |
| Mortgage Backed Securities | Part of the secondary mortgage market, mortgage... | |
| Note | A note is a promise to pay a debt, as opposed to a mortgage... | |
| Federal Housing Administration | The Federal Housing Administration, or FHA, was... | |
| Occupancy Rate | The occupancy rate is the ratio of rented property... | |
| Passive Income | A term used by the Internal Revenue Service (IRS) that... | |
| Quiet Title Action | A quiet title action is a court action to determine the true... | |
| Real Estate Settlement Procedures Act | Also referred to by it's abbreviation RESPA, this act... | |
| Silent Second | A silent second is a second mortgage placed on a... | |
| Tenancy In Common | Tenancy in Common is when two or more parties... | |
| Underwrite | The term for evaluating the risk of a person, company, or situation... | |
| Variance | A variance is when permission is granted to use a property in a manner not... | |
| Wraparound Mortgage | A wraparound mortgage is when the seller leaves their current mortgage in place and... | |
| Federal Reserve | The Federal Reserve System, also called the "Fed"... | |
| Back End Ratio | The back end ratio is used by lenders in conjunction... | |
| Closing Costs | The term closing costs can either refer to... | |
| FIRPTA | FIRPTA, or the Foreign Investment in Real Property Tax Act, is a federal law... |
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