Cross Collateralization

Cross-collateralization is the act of using an asset currently used as collateral for an initial loan as collateral for a second loan. If the debtor was unable to make either loan’s scheduled repayments on time, the affected lenders can eventually force the liquidation of the asset and use the proceeds for repayment. BREAKING DOWN Cross Collateralization Taking out […]

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Condo Lottery

In San Francisco, CA, condo lotteries are held by the city government to select which tenancy in common (TIC) buildings will be allowed to convert to condominium developments. Condo lotteries do occur in other cities, but the information below is specific to San Francisco County.

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Coming Soon

Homes listed as “Coming Soon” are homes that are not yet officially on the market but are expected to be listed for sale within 21 days. A Coming Soon listing allows buyers, real estate agents, and other sellers to preview the home with limited information. Full home details and photos are available once the home […]

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Closing Costs

Closing costs are the expenses and fees associated with the purchase and sale of a home, such as taxes, title insurance, appraisal, lender fees, and other services carried out during closing. For buyers taking out a mortgage loan, closing costs are listed on the Closing Disclosure statement the buyer should receive from the lender at […]

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Charter School

According to Uncommon Schools, a nonprofit that starts and manages charter schools, a charter school “is an independently run public school granted greater flexibility in its operations, in return for greater accountability for performance. The ‘charter’ establishing each school is a performance contract detailing the school’s mission, program, students served, performance goals, and methods of […]

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Certificate of Occupancy?

A Certificate of Occupancy is a document issued by a local government that certifies a home is ready to be occupied and complies with local building codes. The certificate is issued following an inspection by a licensed inspector on behalf of the local government. Certificates of Occupancy are required for any newly constructed building or […]

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Case-Shiller Index

The Case-Shiller index refers to several indices that measure home prices across the United States on a point system (with January 2000 set at 100). The Case-Shiller U.S. National Home Price Index tracks prices of single-family homes in each of the nine U.S. Census divisions. The rest of the Case-Shiller indices rely on data from […]

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Capitalization Rate (Cap Rate)

The cap rate is a ratio used to estimate the return on investment of a real estate property, such as an apartment building. It is calculated by dividing the net operating income of a property in a given year by the purchase price or current value of the property. Net operating income is the income […]

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Cap

A cap is a limit set by a lender on how much a borrower’s monthly payment or interest rate can increase or decrease. Adjustable-rate mortgages (ARMs) often include a cap to protect borrowers from big jumps in monthly payments.

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Comparative Market Analysis (CMA)

Similar to finding comparables for potential home seller clients, you can also put together a comparative market analysis, or CMA, that denotes more than just other local property values. A comprehensive CMA report should incorporate recently sold listings in your market, intricate details about the properties sold (e.g. square footage, amenities), and the most recent monthly […]

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