Search results
Results from the WOW.Com Content Network
Due-on-sale clause. A due-on-sale clause is a clause in a loan or promissory note that stipulates that the full balance of the loan may be called due (repaid in full) upon sale or transfer of ownership of the property used to secure the note. The lender has the right, but not the obligation, to call the note due in such a circumstance.
In a deed of trust, a person who wishes to borrow money conveys legal title in real property to a trustee, who holds the property as security for a loan (debt) from the lender to the borrower. The equitable title remains with the borrower. [1] The borrower is referred to as the trustor, while the lender is referred to as the beneficiary.
A real estate derivative is a financial instrument whose value is based on the price of real estate. The core uses for real estate derivatives are: hedging positions, pre-investing assets and re-allocating a portfolio. The major products within real estate derivatives are: swaps, futures contracts, options (calls and puts) and structured products.
The U.S. housing market is always changing, but property prices have largely gone up over the years. Read Next: 3 Best States To Buy Property in the Next 5 Years, According to Experts Consider ...
Multiple listing service. A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
Imagine you buy a property for $100,000 and put $50,000 of repairs into it, driving the property value to $200,000. If the lender lets you refinance 80% of the $200,000 value, you can borrow ...
Mortgage note. Appearance. In the United States, a mortgage note (also known as a real estate lien note, borrower's note) is a promissory note secured by a specified mortgage loan. Mortgage notes are a written promise to repay a specified sum of money plus interest at a specified rate and length of time to fulfill the promise.
An estimated $100B in annual real estate commissions could be cut by 30%, analyst says — putting as many as 1.6M agents out of work. Here's why. Serah Louis. February 23, 2024 at 5:00 AM.