Video about signs you are dating a real estate agent:
7 Things NOT To Tell A Real Estate Agent (Ep125)
Commonly found in condominium, PUD or office spaces. Often used in mortgage transactions. Examples are mortgages, liens and easements. Often used to avoid credit-damaging foreclosure procedures. For example, power companies often own an easement over residential properties for access to their power lines. A type of circuit breaker required in areas where water is present. Costs may include appraisal fees, origination fees, title insurance, taxes and any points negotiated in the deal. Usually when the borrower defaults on the loan. Takes into account the down payment, closing costs and on-going mortgage payments. Created by Congress in , Fannie Mae is the nation's largest source of financing for home mortgages. Appraisers use an addendum to further explain items for which there was inadequate space on the standard appraisal form. Typically forms in areas of high humidity. Or, the process whereby the sale of a property is consummated with the buyer completing all applicable documentation, including signing the mortgage obligation and paying all appropriate costs associated with the sale CLOSING COSTS. Includes documentation that may be used in foreclosure.
A limit on how high monthly payments or how much interest rates may change within a certain time period or the life of the mortgage. Such a transaction most often reflects the true market value of a property. Building codes are localized to ensure they are adequate to meet the risk of common hazards. Department of Housing and Urban Development to serve low-to moderate-income homebuyers. Often required by lenders for homes located in FEMA-designated flood zones. It is the most complete form of title, having an unconditional and unlimited interest of perpetual duration. Examples are mortgages, liens and easements. The ownership of the property is considered equal unless stipulated otherwise by both parties. This may or may not be monetary. A measurement of area. Laws that have been established by custom, usage and courts over many years. For example, power companies often own an easement over residential properties for access to their power lines. So at the end of the term, the remaining balance comes due in a single large payment. Often used in mortgage transactions. Government agency created in which maintains the stability of and public confidence in the nation's financial system by insuring deposits and promoting safe and sound banking practices. Created by Congress in , Fannie Mae is the nation's largest source of financing for home mortgages. Often used to describe an artificial or false front which is not consistent with the construction of the rest of the building. Often used in real estate sales when a buyer must sell a current home before purchasing a new one. Relocation expenses often include the amounts, such as brokerage fees, incurred in the selling and buying of the employee's primary residence. Often characterized by a steep roof with gables. Often used in the payment of annual taxes or insurance for real property. Built-in microwave ovens and dishwashers are common examples. Excessive wear and tear can cause a property's effective age to be greater than its actual age. Or paid by the seller, or lender, as incentive to buy the property or take on the mortgage. The appraiser is often the only independent voice in any real estate transaction with no vested interest in the ultimate value or sales price of the property.
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