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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.
6Categories 16551Terms
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Real estate > Mortgage
delinquency
Banking; Mortgage
A loan payment that is overdue, but within the period allowed before actual default is declared.
disaster myopia
Banking; Mortgage
The tendency of lenders to ignore potential shocks that can cause them major losses if a long period has elapsed since a shock has occurred.
documentation requirements
Banking; Mortgage
The set of lender requirements that specify how information about a loan applicant's income and assets must be provided, and how it will be used by the lender.
dual index mortgage
Banking; Mortgage
A mortgage on which the interest rate is adjustable based on an interest rate index, and the monthly payment adjusts based on a wage and salary index.
due-on-sale clause
Banking; Mortgage
A provision of a loan contract that stipulates that if the property is sold the loan balance must be repaid. This bars the seller from transferring responsibility for an existing ...
equity grabbing
Banking; Mortgage
A type of predatory lending where the lender intends for the borrower to default so the lender can grab the borrower's equity.
Sub-categories
- Commercial (226)
- Contracts (13098)
- Corporate (746)
- Home improvement (1576)
- Mortgage (522)
- Residential (169)