Hud Code Home Loan
Hud Code Home Loan
Hud Code Home Loan

Free Classifieds and Advertising for Individuals and Businesses at www.KeepSane.com



Real Estate Terms of the Day for Hud Code Home Loan



DUAL AGENCY
Representing both principals (buyer and seller) to a transaction.

VARIABLE RATE MORTGAGE
See Adjustable Rate Mortgage.

GRANTOR
The person transferring title to, or an interest in, real property. A grantor must be competent to convey; thus, for example, an insane person cannot convey title to real property.

SECOND MORTGAGE
An additional mortgage placed on a property that has rights that are subordinate to the first mortgage.

DEPOSIT
Money offered by a prospective buyer as an indication of good faith in entering into a contract to purchase; earnest money; security for the buyer's performance of a contract.

NEGOTIATION
The transaction of business aimed at reaching a meeting of minds among the parties; bargaining.

GOOD FAITH ESTIMATE
Written estimate of the settlement costs the borrower will likely have to pay at closing. Under the Real Estate Settlement Procedures Act (RESPA), the lender is required to provide this disclosure to the borrower within three days of receiving a loan application.

Copyright © 2004-2005   |    www.WeWillBuyYourHouseFast.com   |  Privacy Policy