Real Estate

  1. Tandem Loan

    A tandem loan is two loans on a single asset, which tends to be real estate.
  2. Housing Policy Council - HPC

    The Housing Policy Council advocates for the interests of member companies in legislative, regulatory and judicial arenas.
  3. Foreclosure Buyout

    A foreclosure buyout is a refinancing program that presents an alternative to foreclosure for a homeowner.
  4. Foreclosure Prevention Act of 2008

    The Foreclosure Prevention Act of 2008 was designed to provide stability to the housing market by helping families avoid ...
  5. Foreclosure Crisis

    The foreclosure crisis was a period of drastically elevated foreclosure rates that contributed to the global financial crisis ...
  6. Seller-Financed Sale

    A seller-financed sale occurs when the seller offers financing to the buyer in order to facilitate the sale.
  7. Home Modification

    Home modifications are alterations made to a home to meet the needs of people with physical limitations.
  8. Foreclosure Filing

    A foreclosure filing is a lawsuit lenders file in order to repossess a mortgaged home.
  9. Commercial Property/Casualty Market Index Survey

    The Commercial Property/Casualty Market Index Survey is a survey of the members of the Council of Insurance Agents and Brokers.
  10. Yupcap

    Yupcap is a slang term for a young urban professional who cannot afford to buy property.
  11. Party Wall

    In real estate, a party wall is a shared wall that separates housing or business units.
  12. Housing Choice Voucher Program

    The Housing Choice Voucher Program helps families with very low incomes choose their own affordable, safe and healthy housing.
  13. Lender Confirmation Auction

    A lender confirmation auction is a type of foreclosure auction where the highest bid must be approved and accepted by the ...
  14. Involuntary Foreclosure

    An involuntary foreclosure occurs when a borrower defaults on a home mortgage loan and the lender initiates proceedings to ...
  15. Distressed Borrower

    A distressed borrower is one who is unable to fully repay his or her debt on time.
  16. Deficiency Balance

    A deficiency balance is the amount owed to a creditor when collateral is sold for an amount that is less than what is owed ...
  17. Gentrification

    Gentrification refers to a neighborhood or city that undergoes urban renewal that often leads to the displacement of its ...
  18. 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.
  19. Hope Now Alliance

    Hope Now Alliance is an initiative of organizations in the mortgage industry created in 2007 to help stop the wave of foreclosures ...
  20. 9 Ways to Do Cost-Effective Interior Design

    With these 9 tips and a little enterprising DIY spirit, you can make interior design cost-effective and even transformative.
  21. Lock Period

    Lock period is the window of time over which a mortgage lender must keep a specific loan offer open to a borrower.
  22. Voluntary Conveyance

    Voluntary conveyance refers to an elective transfer of title without adequate consideration.
  23. Landominium

    Landominium refers to a unit, built as part of a residential development, whose owner owns both the unit and the land on ...
  24. Graduated Lease

    Graduated lease refers to an agreement under which a tenant and landlord agree to a periodic adjustment of monthly payments.
  25. Ability To Repay

    The ability to repay describes an individual's financial capacity to make good on a debt, potentially qualifying them for ...
  26. Garbage Fees

    Garbage fees are unnecessary fees tacked onto closing costs by lenders when issuing a mortgage.
  27. Eviction

    Eviction is the process by which a landlord may legally remove of a tenant from a rental property.
  28. Mortgage-Backed Note

    A mortgage-backed note is an investment vehicle associated with a particular mortgage loan. The note's yield comes from a ...
  29. Windstorm Hazard

    Windstorm hazard refers to the risk that a property will sustain losses due to strong winds.
  30. Main Home

    A term used by the Internal Revenue Service (IRS) to define a taxpayer's primary home.
  31. Accelerated Amortization

    Extra payments made towards paying down mortgage principal
  32. Foreclosure Action

    The legal proceedings initiated by a lender in the case of mortgage default.
  33. FHA Streamline Refinance

    An FHA streamline refinance is a mortgage refinancing program available through the Federal Housing Administration.
  34. Non-REO Foreclosure

    A non-REO foreclosure, or non-real estate owned foreclosure, is a foreclosure process that ends without the lender taking ...
  35. Moving Up: Dream House Or Money Pit?

    If you are upgrading your home, here are some things you'll need to know so you don't spend more money than you need to. ...
  36. Breaking Down the Actual Cost of a Home Renovation

    Everyone hungers for home renovation, but how much do various projects actually cost? Here's a breakdown.
  37. Industry Loss Warranty

    Industry loss warranty is an insurance or reinsurance contract in which coverage is triggered when losses experienced by ...
  38. Water Damage Clause

    A water damage clause in a property-casualty insurance contract states that the insured is covered for water damage that ...
  39. Alternative Mortgage Transaction Parity Act - AMTPA

    An act of Congress in 1982 that overrode many state laws preventing banks from writing home loans other than conventional ...
  40. Decree Of Foreclosure And Sale

    A decree of foreclosure and sale is a statement issued by a court indicating that a piece of property is to be sold when ...
  41. Right Of Foreclosure

    The right of foreclosure describes a lender's legal right to take possession of a property when a borrower defaults on their ...
  42. Equity Stripping Leaves Creditors Empty-Handed

    Add additional debt to your real estate assets to keep the creditors at bay. Learn about debt- and corporate-entity-based ...
  43. How does a credit crunch occur?

    We examine the systemic and pervasive effects of a credit crunch, which occurs when a lack of funds available in the credit ...
  44. Single Entity Coverage

    Single entity coverage is a type of insurance policy that covers all real property in a condominium, including common areas ...
  45. Mortgage Application

    A document submitted to a lender to borrow money to purchase real estate. It asks for information about the property and ...
  46. Fake Claims

    The term fake claims refers to insurance claims that are made fraudulently.
  47. Financial Quota Share

    A financial quota share is a reinsurance treaty in which the ceding company is responsible for a portion of the loss associated ...
  48. Coverage Trigger

    A coverage trigger is an event that must occur in order for a liability policy to apply to a loss.
  49. Effects Test

    The effects test is a method to assess the discriminatory impact of credit policies using demographic and statistical data.
  50. No-Appraisal Loan

    A no-appraisal loan is a mortgage given without appraising the value of the property.
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. Financial Risk

    Financial risk is the possibility that shareholders will lose money when investing in a company if its cash flow fails to ...
  2. Enterprise Value (EV)

    Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market ...
  3. Relative Strength Index - RSI

    Relative Strength Indicator (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent ...
  4. Dividend

    A dividend is a distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.
  5. Inventory Turnover

    Inventory turnover is a ratio showing how many times a company has sold and replaces inventory over a period.
  6. Watchlist

    A watchlist is list of securities being monitored for potential trading or investing opportunities.
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