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Assessed Value

The valuation placed on property by a public tax assessor for purposes of...

Radon

A radioactive gas found in some homes that in sufficient concentrations can cause health...

Balloon Mortgage

A mortgage that has level monthly payments that will amortize it over a stated term but that provides for a lump sum payment to be due at...

Secondary Mortgage Market

The buying and selling of existing...

Blanket Insurance Policy

A single policy that covers more than one piece of property (or more than one...

Credit

An agreement in which a borrower receives something of value in exchange for a promise to repay the lender at a later...

Attorney-In-Fact

One who holds a power of attorney from another to execute documents on behalf of the grantor of the...

Sweat Equity

Contribution to the construction or rehabilitation of a property in the form of labor or services rather than...

Assessment

The process of placing a value on property for the strict purpose of taxation. May also refer to a levy against property for a special...

Underwriting

The process of evaluating a loan application to determine the risk involved for the lender. Underwriting involves an analysis of the...