A comprehensive glossary of terms used by commercial real estate professionals . Includes industry-specific jargon, legal terminology, and other terms.. information or conduct interviews and will awards a contract to the selected group .. in real estate a bridge loan is a short-term loan typically provided to developers and.
Real Estate Terms. Glossary of Real Estate Terms. 80-10-10 A type of blended mortgage loan which avoids private mortgage insurance (PMI). It consists of an 80% – 30 year first lien at market rates, a 10% – 15 year second lien at a slightly higher interest rate, and a 10% down payment.
The Glossary of Real Estate Industry Terms is a publication of the National Association of Hispanic Real Estate Professionals. In a recent NAHREP survey, top producing Latino agents and loan officers indicated that 40 percent of their transactions make use of Spanish at some point in the transaction and as much as 25 percent of all transactions utilize Spanish exclusively as the means of communication.
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A traditional, real estate financing mechanism that is not backed by any government or other agency (FHA, VA, etc.). CONVERTIBLE ARM A mortgage that begins with an adjustable rate, that allows the borrower to convert the loan to a fixed rate within a specific time frame.
In the real estate industry, a Broker is a real estate broker has to be licensed by the State. A real estate broker either oversees a group of agents working with him/her, or can act as a Real Estate Agent working direct with the public: Cloud on Title: A condition revealed in a title search that negatively affects the title to the real estate.
The records are available to the public. All transactions for real estate sales should be recorded. PUBLIC REPORT – report given to prospective purchasers in a new subdivision, stating the conditions of the area (costs of common facilities, availability of schools, noise factor if near an airport, etc.), issued by the real estate commission.
The U.S. real estate industry reeled as the House Republican tax. an analyst at Susquehanna International Group LLP. The proposal doesn’t eliminate the mortgage-interest deduction entirely, and the.
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