Relocation

Relocation

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

Industry: Business services

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Relocation

VA mortgage

Business services; Relocation

A mortgage that is guaranteed by the Department of Veterans Affairs.

underwriting

Business services; Relocation

The process of evaluating a loan application to determine the risk involved for the lender. Underwriting involves an analysis of the borrower’s creditworthiness and the quality of the property ...

truth-in-lending

Business services; Relocation

A federal law that requires lenders to fully disclose, in writing, the terms and conditions of a mortgage, including the annual percentage rate (APR) and other charges.

transfer tax

Business services; Relocation

State tax on the transfer of real property. Transfer tax is based on purchase price or money changing hands. Transfer tax does vary from state to state.

title search

Business services; Relocation

A review of all recorded documents affecting a specific property to determine the condition of title.

title report

Business services; Relocation

A document outlining the current state of title. The report includes information on ownership, outstanding deeds of trust or mortgages, liens, easements, covenants, restrictions, and any defects.