A calculation made by a lender that takes into account a borrower
A secondary offer made on a property that the seller plans on accepting should the primary offer expire
A mortgage that is not only amortized over a specific period of years, but that also requires a lump sum payment in full at an earlier date
Any payment that is greater than twice the normal amortized payment, which is generally used to to refer to the final payment of a note with an advanced due date
Occurring in a federal court proceeding, this is the process of debtors being relieved of their liability for their debts after their assets are surrendered to a court appointed trustee
One one-hundredth of one percentage point.
Breach of contract
an exercise that attempts to make a provision to a contract without a legal excuse
A loan whose purpose is to provide quick loans for short term borrowers.
The intermediate party that looks to help transactions proceed by looking for sellers who are looking to sell and buyers who are looking to buy.
Additional upgrades and amenities installed by a builder.
A set of rules and regulations that guide the construction or remodeling of a structure.
Building line or setback
Regulations that set how close an owner can build to a street or a neighboring property
Given to a builder or a remodeler, this is a permit issued by local municipalities to carry out construction on a structure.
Guidelines that govern how a certain property can be used. These guidelines include structural rules as well as intended-use rules.
Appliances or other amenities that are built into a home and are therefore permanent.
Bundle of rights
The list of interest or rights an owner has in a property.
Bureau of Land Management
The law upheld by the government that is in charge of surveying and managing public lands.
An economic downturn when buyers have the advantage.
the agent that represents and guides the best wishes of the buyer in a business transaction, as either an individual agent or as a broker
A temporary agreement where the buyer will reside in the property before closing.
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