Listing Info 

LISTING INFO 

Sale-Leaseback

Sale-Leaseback

Sale-Leaseback A transaction in which the buyer leases the property back to the seller for a specified period of time.  Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet InTouchEmail:...

Securities

Securities

Securities A financial form that shows the holder owns a share or shares of a company (stock) or has loaned money to a company or government organization (bond).  Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and...

Rural Housing Service (RHS)

Rural Housing Service (RHS)

Rural Housing Service (RHS) An agency within the U.S. Department of Agriculture (USDA), which operates a range of programs to help rural communities and individuals by providing loan and grants for housing and community facilities. The agency also works with private lenders to guarantee loans for...

Right of First Refusal

Right of First Refusal

Right of First Refusal A provision in an agreement that requires the owner of a property to give another party the first opportunity to purchase or lease the property before he or she offers it for sale or lease to others.  Real estate words and definition For other words and definitions...

Revolving Debt

Revolving Debt

Revolving Debt Credit that is extended by a creditor under a plan in which (1) the creditor contemplates repeated transactions; (2) the creditor may impose a finance charge from time to time on an outstanding unpaid balance; and (3) the amount of credit that may be extended to the consumer during...

Earnest Money Deposit

Earnest Money Deposit

Earnest Money Deposit The deposit to show that you’re committed to buying the home. The deposit usually will not be refunded to you after the seller accepts your offer, unless one of the sales contract contingencies is not fulfilled.  Real estate words and definition For other words and...

Rescission

Rescission

Rescission The cancellation or annulment of a transaction or contract by operation of law or by mutual consent. Borrowers have a right to cancel certain mortgage refinance and home equity transactions within three business days after closing, or for up to three years in certain instances....

Replacement Cost

Replacement Cost

Replacement Cost The cost to replace damaged personal property without a deduction for depreciation.  Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet InTouchEmail: 411@myersjackson.com...

Repayment Plan

Repayment Plan

Repayment Plan An arrangement by which a borrower agrees to make additional payments to pay down past due amounts while still making regularly scheduled payments.   Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and...

Remaining Term

Remaining Term

Remaining Term The original number of payments due on the loan minus the number of payments that have been made.  Real estate words and definition  For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet InTouchEmail:...

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