Do you Understand Real Estate?
Severalty refers to the ownership of one person. What does it mean to default? An apartment with four levels is called a quadruplex. A penthouse is any apartment on the top floor of a luxury building. When one person alone owns a home, it’s called severalty! This can be done by a buyer, a seller or tenant. What is a penthouse? If you own one, there are probably a lot of people that want to be your friend. To default is to breech the contact of your sale or lease.
A judgement lien is a general lien. It’s for the lending institution you turn to for a mortgage. An open listing means there’s no real estate broker attached to it. The origination fee is basically a service charge. What is an open listing? What is an origination fee? It’s an apartment being sold without the owner signing an exclusive agreement. If you take a loss in real estate investment, and it’s not your primary means of business, it’s called a passive loss. It is the result of a court case.
Interim interest is the interest that you pay between the closing day and the first mortgage payment. Seems kind of silly. A Graduated Payment Mortgage allows you to pay a smaller amount initially, and with time this payment will grow. To have ingress is to be able to enter a piece of land. Egress is the right to exit a piece of land! What does it mean to have ingress? What’s the grandfather clause? What does GPM stand for? Say you own a pet in an apartment, and suddenly pets are banned. You can remain in the building with your pet as part of the grandfather clause.
What is an offer on a home? This includes leases and contracts of sale. Yes, you do need to notarize certain real estate documents. When you put on offer out on a home, you name a price you’ll pay. If this is accepted, a contract of sale is issued. Must you notarize real estate documents? Are a mortgage broker and mortgage banker the same? If you have any type of questions regarding where and the best ways to use HOA doesn’t allow me to rent out my condo – Sell or Keep it? (CA), you could contact us at our web site. Mortgage banker and brokers have many things in common.
