(1) You may think this role is one and the same as a home loan originator … but that’s actually a common misconception. The originator organizes all of the paperwork associated with providing a mortgage to borrowers. The underwriter reviews all of that paperwork to make sure everything is in order and that borrowers are truly […]
(1) A property that has an accepted real estate contract between seller and buyer. (2) Both the home seller and buyer have placed their John Hancocks on the dotted line: That’s when a home is officially under contract. There are still several steps that take place after this occurrence, but odds are if you and your […]
The private or public service facilities such as gas, electricity, telephone, water, and sewer that are provided by the government agencies as part of the development of the land.
Popularly referred to as ULC Act. This is basically a legislation that was enforced to prevent profiteering and hoarding in the urban land market as well as prevent urban congestion
A property whose basic structure is being built.
A value of the property that is lesser than the fair market value. Registration fee for a property is based on the value of the property in case of capital transaction or rent in case of rental transaction.
The practice of charging more than the rate of interest allowed by law.
In real estate investment, the number of years a property will be useful to the investors.
The acquisition of run-down city areas for purposes of redevelopment.
The four unities traditionally needed to create a joint tenancy – unity of title, time, interest, and possession.