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Relocation

Referring to any service that assists a family to move house or a business to move from one establishment to another.

Contributors in Relocation

Relocation

bridge loan

Business services; Relocation

A loan that is provided to an employee by his/her company to assist in purchasing a destination home when the departure home has not yet sold. The loan is typically interest free.

mortgage

Business services; Relocation

A written instrument that creates a lien upon real estate as security for the payment of a specified debt.

market rate

Business services; Relocation

An estimate of the average rate being charged by lenders for conventional, fixed rate mortgage loans.

lump sum program

Business services; Relocation

Monies given to employees in lieu of some or all services traditionally provided to relocating employees to facilitate the transfer.

long carry

Business services; Relocation

An added charge for carrying articles excessive distances between the mover's vehicle and your residence.

lock

Business services; Relocation

The period, expressed in days, during which a lender will guarantee an interest rate.

local fees

Business services; Relocation

Fees typically charged by local governments regarding the transfer and recording of real estate transactions. These may include recording fees for deeds, mortgages, releases of mortgages, city/county ...

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