Real Estate

  1. Recourse Loan

    A type of loan that allows a lender to seek financial damages if the borrower fails to pay the liability, and if the value ...
  2. Bathroom Remodeling On A Budget

    These cheap and simple changes will make your bathroom look like a million bucks.
  3. How To Buy A House In Another City

    Finding an agent, doing your research, feeling out neighborhoods etc.
  4. How To Avoid Medical Debt

    Find out what you can do to avoid a financial meltdown when there's a medical emergency.
  5. The Lowest Foreclosure Rates In America

    Despite more foreclosures and a high unemployment rate, signs of life are emerging in the U.S. real estate market.
  6. The $100 Million House: What It Really Costs

    Billionaire Yuri Milner just broke the record for the highest priced sale of a single family home in America - but it's even ...
  7. Party Wall

    In real estate, a shared wall that separates housing units. Party walls are most commonly found in apartments, condominiums ...
  8. Lender Confirmation Auction

    A type of foreclosure auction where the highest bid must be approved and accepted by the lender (usually the bank). Lender ...
  9. Canadians: The 5 Fastest Ways To Save For A Down Payment

    Some methods of saving for a down payment are faster than others. Here are five tried and true ways to get into a house faster.
  10. Tandem Loan

    Two loans taken out on one asset, which is usually a house; the secondary loan is normally added to a primary loan. A tandem ...
  11. Lock Period

    A number of days, often 30 or 60, during which the interest rate promised on a pending mortgage loan cannot be changed. Because ...
  12. Ability To Repay

    An individual's financial capacity to make good on a debt. Specifically, the phrase "ability to repay" was used in the 2 ...
  13. Getting Help With Your Down Payment

    It's not as easy as it once was to save for a down payment, but these tips can help give you a head start.
  14. Foreclosure Crisis

    A period of unusually high home foreclosure rates that caused high uncertainty in the housing market from 2008-2010. During ...
  15. Foreclosure Filing

    The initial legal process of selling a mortgaged property that is in default. When a borrower defaults in making mortgage ...
  16. Squatter

    A person who settles in or occupies property with no legal claim to the property. A squatter is one who resides on a property ...
  17. 9 For-Sale-By-Owner Mistakes

    Avoiding these errors will help ensure that your home sells quickly while allowing you to keep that commission fee for yourself. ...
  18. 5 Long-Term Consequences Of The Recession

    Apart from the headlines about jobs, this recession is doing damage in other areas that goes unnoticed.
  19. Can You Dispute A Foreclosure?

    The bank has foreclosed on your mortgage, but do you really have to leave? Learn how to fend off the lenders and gain the ...
  20. 6 Neighborhood Red Flags

    Before your next home purchase, make sure to inspect the quality of your neighborhood.
  21. The 6 Best States For Renters

    These areas offer the most bang for your rental buck.
  22. Mortgage Basics

    If you are going to buy a home, the chances are good that you will need a mortgage. Find out more about this type of debt ...
  23. Homebuyer Tradeoffs: What Will You Have To Sacrifice?

    It's rarely possible to find a completely perfect home for your needs, tastes and budget, but it's OK to make tradeoffs. ...
  24. 6 Neighborhood Red Flags

    These six items should be considered when choosing a new home.
  25. Green Energy: Why We're Still Not Using It

    The reason we are still dependent on fossil fuels for energy is about as old as the fossils themselves. Read on to find out ...
  26. Keep Working Or Stay At Home With The Kids?

    Choosing to stay at home with the kids is a choice that has both positive and negative financial consequences.
  27. Form 5405: First-Time Homebuyer Credit And Repayment Of The Credit

    A tax form distributed by the Internal Revenue Service (IRS) and used by first-time homeowners or long-time residents of ...
  28. Forget A House - Buy An Island

    While most of us would assume island ownership to be something completely unattainable, a little research reveals that it ...
  29. 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 ...
  30. 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.
  31. Workout Agreement

    A mutual agreement between a lender and borrower to renegotiate terms on a loan that is technically in default, so as to ...
  32. Voluntary Conveyance

    Transfer of title from a delinquent homeowner to a lender to satisfy the balance on a loan in default. The delinquent borrower ...
  33. Voluntary Foreclosure

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

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

    When a borrower defaults on a home mortgage loan and the lender initiates proceedings to take possession of the house and ...
  36. 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
  37. How To Tap Banks For Real Estate Loans

    Buying rental property with personal, cash-collateralized loans is a smart move.
  38. 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. ...
  39. The 6 Phases Of A Foreclosure

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

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

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

    Benefits of a property whose existence increase the value or desirability of that property. An amenity can be either tangible, ...
  43. 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 ...
  44. 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 ...
  45. Curb Appeal

    The general attractiveness of a house or other piece of property from the sidewalk. This term is often used by Realtors trying ...
  46. 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 ...
  47. Annual Cap

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

    A form of mortgage fraud, whereby the value of a home is deliberately appraised above its market value. The overstated value ...
  49. 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 ...
  50. 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 ...
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. Working Capital

    Working capital, also known as net working capital is a measure of a company's liquidity and operational efficiency.
  2. Bond

    A bond is a fixed income investment in which an investor loans money to an entity (corporate or governmental) that borrows ...
  3. Compound Annual Growth Rate - CAGR

    The Compound Annual Growth Rate (CAGR) is the mean annual growth rate of an investment over a specified period of time longer ...
  4. Net Present Value - NPV

    Net Present Value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows ...
  5. Price-Earnings Ratio - P/E Ratio

    The Price-to-Earnings Ratio or P/E ratio is a ratio for valuing a company that measures its current share price relative ...
  6. Internal Rate of Return - IRR

    Internal Rate of Return (IRR) is a metric used in capital budgeting to estimate the profitability of potential investments.
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