Regiane Vigario's (regi0912) Blog

F Fair Credit Reporting Act A federal law that regulates the disclosure of consumer credit reports by consumer/credit reporting agencies, and establishes procedures for rectifying errors on individuals' credit records Fair Housing Act A federal law which prohibits discrimination in housing based ...

E Earnest money A deposit made of a portion of the purchase price by the buyer to demonstrate his or her serious intent to purchase the property, usually accompanied by an agreement outlining the terms and conditions of the sale Easement The permanent or temporary right to use the property of ano...

D Deed A written document that conveys the ownership of real estate from one person or party to another Deed-in-lieu, or Deed-in-lieu of foreclosure A deed given by a mortgagor to the mortgagee when the mortgage is in default, to avoid foreclosure Deed of trust A written document that grants a tr...

E Earnest money A deposit made of a portion of the purchase price by the buyer to demonstrate his or her serious intent to purchase the property, usually accompanied by an agreement outlining the terms and conditions of the sale Easement The permanent or temporary right to use the property of ano...

E Earnest money A deposit made of a portion of the purchase price by the buyer to demonstrate his or her serious intent to purchase the property, usually accompanied by an agreement outlining the terms and conditions of the sale Easement The permanent or temporary right to use the property of ano...

D Deed A written document that conveys the ownership of real estate from one person or party to another Deed-in-lieu, or Deed-in-lieu of foreclosure A deed given by a mortgagor to the mortgagee when the mortgage is in default, to avoid foreclosure Deed of trust A written document that grants a tr...

C CC & R ' s Covenants, Conditions and Restrictions; or the rights and obligations of individual owners of real property within a subdivision (or other tract of land where there is more than one owner of property) in relation to other owners, or to the organized association of owners, within the ...

Back ratio The ratio of monthly housing costs (principal, insurance, taxes, and interest) plus regular monthly payments to gross monthly income, used by the lender to evaluate an applicant's qualification for a loan; typical back ratios are between 32 - 45 percent Balloon mortgage A mortgage wit...

Abstract of title A condensed history or summary of all transactions affecting a particular parcel of real estate, including the original grant, all conveyances and encumbrances affecting the property, and the abstractor's certification of the history's accuracy Acceleration clause A clause in a...

Step 1 Think about how long you're going to stay in one place. Buying a townhouse is no different than buying a single-family home--you need to live there at least a couple of years to recoup closing costs, assuming the property will appreciate. Step2 Give some thought to what you want. If you're...