Tag: housing

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

DefinitionA mortgage loan, or simply mortgage, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by...

DefinitionThe Making Home Affordable program of the United States Treasury was launched in 2009 as part of the Troubled Asset Relief Program. The main...

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

What is 'Real Estate Settlement Procedures Act - RESPA' This act was designed to protect potential homeowners and enable them to become...

What is 'Real Estate Owned - REO' Real estate owned, or REO, is the name given to foreclosed-upon real estate, such as...

What is the 'Real Value' The real value is nominal value adjusted for inflation. The real value is obtained by removing the...

What is 'Raintaker' A former employee of a brokerage firm who takes high-value clientelle from his or her previous employer to his...

What is a realtor Realtors are licensed professionals who help people buy and sell property. In most states, realtors must be at least 18 years...

What is 'Real Estate Limited Partnership - RELP' A limited partnership entity organized to invest in real estate. A Real Estate Limited...