by Myers Jackson | Dec 31, 2024 | Auction News
Automated Underwriting An auto-mated process performed by a technol-ogy application that streamlines the processing of loan applications and provides a recommendation to the lender to approve the loan or refer it for manual underwriting. Real estate words and...
by Myers Jackson | Dec 31, 2024 | Auction News
Original Principal Balance The total amount of principal owed on a mortgage before any payments are made. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For all active...
by Myers Jackson | Dec 31, 2024 | Auction News
Arbitration A process where disputes are settled by referring them to a fair and neu-tral third party (arbitrator). The disputing parties agree in advance to agree withthe decision of the arbitrator. There is a hearing where both parties have an opportunity to be...
by Myers Jackson | Dec 31, 2024 | Auction News
Open House When the seller’s real estate agent opens the seller’s house to the public. You don’t need a real estate agent to attend an open house. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions...
by Myers Jackson | Dec 31, 2024 | Auction News
Offer A formal bid from the home buyer to the home seller to purchase a home. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For all active auctions, and properties for sale...
by Myers Jackson | Dec 31, 2024 | Auction News
Note rate The interest rate stated on a mortgage note, or other loan agreement. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For all active auctions, and properties for sale...
