Real estate

Real estate

Of or pertaining to property of land and the buildings on it. This also includes any minerals, crops, or any other natural resource. The business of real estate is the buying, selling, or renting property.

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Real estate > Mortgage

occupancy

Banking; Mortgage

The use of a property as a full-time residence, either by the titleholder (owner-occupied) or by another party through a formal agreement (rental).

payoff figures

Banking; Mortgage

The unpaid principal balance and escrow amounts to be used in calculating full payment of the mortgage or for the closing sale of the property

personal property

Banking; Mortgage

Usually considered to be property that is moveable, as opposed to real property such as vacant or improved land.

power of attorney

Banking; Mortgage

A legal document authorizing one person to act on behalf of another.

preapproval

Banking; Mortgage

A preapproval letter indicates that you have been preapproved for a specified mortgage amount based on a preliminary review of your credit information.

prepaids

Banking; Mortgage

A portion of the total closing costs related to the mortgage loan that are collected at loan closing, including per diem pre-paid interest and initial deposits of monthly escrows ...