Tag: homes

Manufactured Payment

Manufactured Payment What is 'Manufactured Payment' A payment made to pass through dividend and interest payments from the borrower to the lender...

Manufactured Housing (MH)

Manufactured Housing (MH) What is 'Manufactured Housing - MH' A housing unit constructed primarily off-site prior to being moved to a piece...

Absorption Rate

Absorption Rate What is the 'Absorption Rate' The absorption rate is the rate at which available homes are sold in a specific...

Real Estate Settlement Procedures Act (RESPA)

Real Estate Settlement Procedures Act (RESPA) What is 'Real Estate Settlement Procedures Act - RESPA' This act was designed to protect potential...

Real Estate Owned (REO)

Real Estate Owned (REO) What is 'Real Estate Owned - REO' Real estate owned, or REO, is the name given to foreclosed-upon...

Realtor

DefinitionA real estate broker or real estate salesperson is a person who acts as an intermediary between sellers & buyers of real estate/real property....

Real Estate Short Sale

Real Estate Short Sale What is a 'Real Estate Short Sale' A real estate short sale is any sale of real estate...

Sales Comparison Approach (SCA)

Sales Comparison Approach (SCA) What is 'Sales Comparison Approach - SCA' A real estate appraisal method that compares a piece of property...

Foreclosure

DefinitionForeclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making...

Underwater Mortgage

Home Ownership by Country Underwater Mortgage Underwater mortgage is a mortgage loan whose balance is higher than the fair market value of the home....

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