by Myers Jackson | Dec 31, 2024 | Auction News
First-Time Home Buyer A person with no ownership interest in a principal residence during the three-year period preceding the purchase of the security property. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real...
by Myers Jackson | Dec 31, 2024 | Auction News
Late Charge A penalty imposed by the lender when a borrower fails to make a scheduled payment on time. 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,...
by Myers Jackson | Dec 31, 2024 | Auction News
Certificate of Deposit A document issued by a bank or other financial institution that is evidence of a deposit, with theissuer’s promise to return the deposit plus earnings at a specified interest rate within a specified time period. Real estate words and...
by Myers Jackson | Dec 31, 2024 | Auction News
Keogh Funds A tax-deferred retirement-savings plan for small business owners or self-employed individuals who have earned income from their trade or business. Contributions to the Keogh plan are tax-deductible. Real estate words and definition CLICK THIS BUTTON...
by Myers Jackson | Dec 31, 2024 | Auction News
Junior Mortgage A loan that is subordinate to the primary loan or first-lien mortgage loan, such as a second or third mortgage. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON...
by Myers Jackson | Dec 31, 2024 | Auction News
Cash-out Refinance A refinance transaction in which the borrower receives additional funds over and above the amount needed to repay the existing mortgage, closing costs, points, and any subordinate liens. Real estate words and definition CLICK THIS BUTTON For...
