Real Estate

  1. Straw Buyer

    A person who makes a purchase on behalf of another person. A straw buyer is used when the real buyer cannot complete the ...
  2. Buying A Home: New Or Previously Owned?

    Brand-new homes have distinct advantages - and drawbacks. Find out what you need to know to make an informed decision.
  3. FHA 203(k) Loan

    A type of federally insured mortgage product for individuals who want to rehabilitate or repair a damaged home that will ...
  4. Workout Agreement

    A mutual agreement between a lender and borrower to renegotiate terms on a loan that is technically in default, so as to ...
  5. Wage Earner Plan (Chapter 13 Bankruptcy)

    Also known as a Chapter 13 bankruptcy, this enables individuals with regular income to develop a plan to repay all or part ...
  6. Voluntary Conveyance

    Transfer of title from a delinquent homeowner to a lender to satisfy the balance on a loan in default. The delinquent borrower ...
  7. Big Ticket Item

    Big ticket items are high-value items, such as houses and cars, as well as expensive products such as appliances, home theater ...
  8. Voluntary Foreclosure

    A voluntary foreclosure is a foreclosure proceeding that is initiated by the borrower, rather than the lender, in an attempt ...
  9. Straw Buying

    When an individual makes a purchase on behalf of someone who otherwise would be unable to make the purchase, and the purchaser ...
  10. Involuntary Foreclosure

    When a borrower defaults on a home mortgage loan and the lender initiates proceedings to take possession of the house and ...
  11. 7 Smart Steps Every New Homeowner Should Take

    Just moved into a new home? Check out these 7 tips that every new homeowner should know
  12. How To Tap Banks For Real Estate Loans

    Buying rental property with personal, cash-collateralized loans is a smart move.
  13. The Cheapest Canadian Cities To Buy A House

    Canada's housing market didn't suffer like its struggling neighbors to the south, but there are still great deals to be had. ...
  14. The 6 Phases Of A Foreclosure

    For many, foreclosure is still a real possibility. Make sure you're prepared and know the steps.
  15. Maintenance Expenses

    The costs incurred to keep an item in good condition and/or good working order. When purchasing an item that requires upkeep, ...
  16. Power Of Sale

    A clause written into a mortgage authorizing the mortgagee (lender) to sell the property in the event of default, in order ...
  17. Amenity

    Benefits of a property whose existence increase the value or desirability of that property. An amenity can be either tangible, ...
  18. Investing In Foreclosures Not A Get-Rich-Quick Venture

    Investing in this kind of real estate takes capital, time and careful planning.
  19. Conditional Offer

    In general, an agreement between a buyer and a seller that an offer will be made if a certain condition is met. In real estate ...
  20. Decree Of Foreclosure And Sale

    A declaration made by a court indicating that a piece of property is to be sold in order to cover outstanding debts. A decree ...
  21. The 5 Factors Of A "Good" Location

    “Location, location, location” is a common mantra in real estate. And it’s good advice – except for one thing: most people ...
  22. Fixer-Upper House: Is it Worth It?

    The "handyman special" that seems like a great deal can quickly become a money pit. Find out which repairs are most likely ...
  23. Curb Appeal

    The general attractiveness of a house or other piece of property from the sidewalk. This term is often used by Realtors trying ...
  24. Where Is Everyone Moving To?

    Like the birds, people follow a migration pattern. Find out where people are flocking to now.
  25. Spot Loan

    A spot loan is a type of mortgage loan made for a borrower to purchase a single unit in a multi-unit building, such as a ...
  26. Slumburbs

    A slang term for the suburbs of once large and prosperous cities that have become less desirable due to an economic downturn. ...
  27. 5 Steps To Attaining A Mortgage

    If you're serious about buying a home, cleaning up your credit should be the first item on your agenda. Learn how to get ...
  28. Annual Cap

    A clause found in the contract of an adjustable-rate mortgage (ARM) that limits the possible increase in the loan's interest ...
  29. Appraisal Fraud

    A form of mortgage fraud, whereby the value of a home is deliberately appraised above its market value. The overstated value ...
  30. Risk Participation

    A type of off-balance-sheet transaction in which a bank sells its exposure to a contingent obligation, such as a banker's ...
  31. Interest Deduction

    A deduction for taxpayers who pay certain types of interest. Interest deductions reduce the amount of income subject to tax. ...
  32. Right Of Foreclosure

    A lender's ability to take possession of the property used to secure the loan it provided if the borrower stops making payments. ...
  33. Right Of Redemption

    The legal right of any mortgagor or borrower who owns real estate to reclaim his or her property. Right of redemption gives ...
  34. Subject Offer

    Subject offers are intended to be purely informational in nature. They can be used in some instances to elicit a counteroffer ...
  35. Things To Know About The Home Modification Plan

    This program allows FHA borrowers to reduce monthly mortgage payments through negotiation with lenders.
  36. Heatmap

    A visual representation of data using colors. A heatmap can be used with all sorts of data, from representing the number ...
  37. National Housing Act

    Federal legislation passed in 1934 to create the Federal Housing Administration (FHA). Its purpose is to make credit more ...
  38. Quiet Title

    A lawsuit filed to establish ownership of real estate when ownership is in question. Real estate owners want to ensure that ...
  39. What is PMI, and does everyone need to pay it?

    Also known as "Primary Mortgage Insurance," PMI is the lenders (banks) protection in the event that you default on your primary ...
  40. Foreclosure Buyout

    A refinancing program that allows a homeowner to avoid foreclosure on their home. Foreclosure buyouts are typically a refinancing ...
  41. 6 Tips For Protecting Your Home's Value

    New taxes, property values, appraisals, community changes and nearby abandoned foreclosures can all lower your home's value. ...
  42. Hope Now Alliance

    An initiative launched in 2007 to combat the rising tide of foreclosures created by the subprime mortgage market meltdown. ...
  43. Shadow Inventory

    A term that refers to real estate properties that are either in foreclosure and have not yet been sold or homes that owners ...
  44. Distressed Borrower

    A borrower who is unable to fully repay his or her debt due to financial difficulties - difficulties either created by personal ...
  45. Bidding War

    A situation where two or more buyers are so interested in an item (such as a house or a business) that they make increasingly ...
  46. Perfect Title

    A title deed for real estate that does not have any liens attached to it. A perfect title becomes so after all liens or other ...
  47. Housing Policy Council - HPC

    A subsidiary of the Financial Services Roundtable, formed in 2003, in recognition of the fact that many roundtable members ...
  48. Top 6 Scariest Neighborhoods For Homebuyers

    If you're looking for a spooky spot this Halloween, these communities boast the most horrifying foreclosure rates in the ...
  49. Sheriff's Sales

    A term used to refer to distressed public property auctions. Sheriff's sales is generally the last step in the foreclosure ...
  50. Equity Stripping Leaves Creditors Empty-Handed

    Add additional debt to your real estate assets to keep the creditors at bay.
Save Money
  1. 5 Ways To Make Your Home Remodels Pay Off

    Here are five ways to make your home renovation worth the money and effort you put into it.
  2. Differences Between Private Foundations And Public Charities

    Here's a look at the differences between these types of charitable organizations.
  3. How To Monetize Your YouTube Channel

    YouTube's Partner Program helps users earn money through their channels. Find out how.
  4. The World's Most Valuable Private Companies

    In spite of the rewards going public can bring, some companies prefer to remain private, and they are very successful in this.
  5. Is Cyber Monday The New Black Friday?

    Cyber Monday is becoming more popular than Black Friday. Here's why.
Hot Definitions
  1. Treynor Ratio

    A ratio developed by Jack Treynor that measures returns earned in excess of that which could have been earned on a riskless ...
  2. Buyback

    The repurchase of outstanding shares (repurchase) by a company in order to reduce the number of shares on the market. Companies ...
  3. Tax Refund

    A tax refund is a refund on taxes paid to an individual or household when the actual tax liability is less than the amount ...
  4. Gross Domestic Product - GDP

    The monetary value of all the finished goods and services produced within a country's borders in a specific time period, ...
  5. Inflation

    The rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of ...
  6. Merchandising

    Merchandising is any act of promoting goods or services for retail sale, including marketing strategies, display design and ...
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