by Myers Jackson | Dec 31, 2024 | Auction News
Bridge Loan A short-term loan securedby the borrower’s current home (which is usually for sale) that allows the proceeds to be used for building or closing on a new house before the current home is sold. Also known as a “swing loan.” Real estate words and...
by Myers Jackson | Dec 31, 2024 | Auction News
Bona fide In good faith, without fraud. 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 CLICK THIS BUTTON Contact Get InTouch...
by Myers Jackson | Dec 31, 2024 | Auction News
Biweekly Payment Mortgage A mortgage with payments due every two weeks (instead of monthly). 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...
by Myers Jackson | Dec 31, 2024 | Auction News
Before-tax Income Income before taxes are deducted. Also known as “gross income.” 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...
by Myers Jackson | Dec 31, 2024 | Auction News
Bankruptcy Legally declared unable to pay your debts. Bankruptcy can severely impact your credit and your ability to borrow money. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS...
by Myers Jackson | Dec 31, 2024 | Auction News
Balloon Payment A final lump sum payment that is due, often at the maturity date of a balloon mortgage. 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,...
