by Myers Jackson | Dec 31, 2024 | Auction News
Government Mortgage A mortgage loan that is insured or guaranteed by a federal government entity such as the Federal Housing Administration (FHA), the U.S. Department of Veterans Affairs (VA), or the Rural Housing Service (RHS). Real estate words and definition...
by Myers Jackson | Dec 31, 2024 | Auction News
Good-Faith Estimate A form required by the Real Estate Settlement Procedures Act (RESPA) that discloses an estimate of the amount or range of charges, for specific settlement services the borrower is likely to incur in connection. Real estate words and...
by Myers Jackson | Dec 31, 2024 | Auction News
Gift Letter A letter that a family member writes verifying that s/he has given you a certain amount of money as a gift and that you don’t have to repay it. You can use this money towards a portion of your down payment with some mortgages.with the mortgage transaction....
by Myers Jackson | Dec 31, 2024 | Auction News
Exclusive Right-to-Sell Listing The traditional kind of listing agreement under which the property owner appoints a real estate broker (known as the listing broker) as exclusive agent to sell the property on the owner’s stated terms, and agrees to pay the listing...
by Myers Jackson | Dec 31, 2024 | Auction News
General Contractor A person who oversees a home improvement or construction project and handles various aspects such as scheduling workers and ordering supplies. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real...
by Myers Jackson | Dec 31, 2024 | Auction News
Exclusive Right-to-Sell Listing The traditional kind of listing agreement under which the property owner appoints a real estate broker (known as the listing broker) as exclusive agent to sell the property on the owner’s stated terms, and agrees to pay the listing...
