What is a Blanket Mortgage?
A blanket mortgage is a special type of mortgage that covers two or more properties. A blanket mortgage might also include a release...
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professor566
Jan 271 min read
What is Basis?
The basis is the original cost of a property for an investor and is used to calculate capital gains for tax purposes. Would you like to...
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professor566
Jan 261 min read
What is a Bill of Sale?
A bill of sale is a legal document that transfers ownership of personal property or services from one person to another. Would you like...
6 views1 comment
professor566
Jan 251 min read
What is a Back Up Offer?
A back up offer is an offer to purchase a property that is made contingent on the first offer falling through. Would you like to learn...
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professor566
Jan 241 min read
What is a Balloon Mortgage?
A balloon mortgage is a loan with smaller payments initially, followed by a large final payment (balloon payment) at the end. Would you...
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professor566
Jan 231 min read
What are Amenities?
Amenities are features to a home that are considered valuable. They can be public amenities, such as nearby highways, shopping centers,...
24 views3 comments
professor566
Jan 211 min read
What is an Annual Percentage Rate?
An annual percentage rate (APR) is the true cost of borrowing money. The APR reflects the interest rate plus any points, mortgage broker...
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professor566
Jan 201 min read
What is an Alienation Clause?
An alienation clause in a mortgage give the lender the right to request full and immediate payment of the principal plus any interest due...
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professor566
Jan 191 min read
What is an Acceleration Clause?
An acceleration clause is a contingency in a mortgage that allows the lender to demand full and immediate repayment of the outstanding...
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professor566
Jan 181 min read
What is an Abstract of Title?
An abstract of title is a summary of the ownership history of a property compiled after extensive research. Would you like to learn more...
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professor566
Jan 161 min read
What is an Appraisal?
An appraisal is an estimate of the market value of a property. Would you like to learn more about Real Estate? Have you ever wanted to...
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professor566
Jan 141 min read
What is Adverse Possession?
Adverse Possession is a legal doctrine that allows someone to claim ownership of property if they occupy it for a certain period of time...
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professor566
Jan 131 min read
What are Amenities?
Amenities are features of a property that add value or make it more enjoyable to live in, such as a pool, gym, or concierge service....
52 views1 comment
professor566
Jan 121 min read
What is an Acre?
An acre is a unit of land measurement equal to 43,560 square feet. Would you like to learn more about Real Estate? Have you ever wanted...
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professor566
Jan 111 min read
What are Zero Lot Lines?
A zero lot line (ZLL) property simply means that the structure of the home is built very close to, or directly on, the property...
32 views1 comment
professor566
Jan 91 min read
What is Zoning?
Zoning, in urban planning, is a system where a municipality or government divides land into "zones," each with a set of regulations...
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professor566
Jan 71 min read
What is a Vestibule?
A vestibule is a small entrance hall or foyer leading into a larger building. Would you like to learn more about Real Estate? Have you...
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professor566
Jan 61 min read
What is a Waiver?
A waiver is when a person voluntarily gives up of a right or claim. Would you like to learn more about Real Estate? Have you ever wanted...
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professor566
Jan 51 min read
What is a Last Will & Testament?
A last will and testament, commonly referred to as a will, is a legal document specifying how someone's property and assets will be...
6 views1 comment
professor566
Jan 41 min read
What are Wetlands?
Wetlands are areas with saturated soil and standing or slow-moving water that support unique plant and animal life. Would you like to...
4 views1 comment
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