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Real Estate Terms and Definitions
 
Real Estate Terms and Definitions

- Acceleration Clause
- ACCEPTANCE
- Adjustable Rate Mortgage (ARM)
- Adjustment Period
- Agency
- Amortization
- Appraisal
- Appraiser
- Arbitration
- Balloon Mortgage
- Bill of sale
- Building Code
- Buydown
- Cap
- Capital Gain
- Capitalization Rate
- Cashier's Check
- Caveat Emptor
- Certificate of Occupancy
- Certificate of Taxes Due
- Certificate of Title
- Closing
- Closing Costs
- Cloud on the Title
- Commission
- Commitment Letter
- Comparable Sales
- Condemnation
- Condominium
- Conflict of Interest
- Constant Payment
- Construction Loan
- Contract
- Covenants
- Credit History
- Credit Reports
- Credit Bureau Score
- Dedication
- Deed
- Deferred Maintenance
- Depreciation
- Discount Points
- Deed of Trust
- Documentary Transfer Tax
- Due Diligence
- Due on Sale Clause
- Earnest Money
- Easement
- Eminent Domain
- Encroachment
- Equity
- Escrow
- Exclusive Agency Listing
- Fair Housing Act
- Fair Market Value
- Fee Simple Estate
- Fiduciary
- Fiduciary Duty
- Financing Process
- First Mortgage
- Fixtures
- Functional Obsolescence
- Ginnie Mae
- Good Faith Estimate
- Graduated Payment Mortgage
- Grandfathered Activities
- Gross Monthly Income
- Ground Lease
- Guarantor
- Haircut
- Hazard Insurance
- Highest and Best Use
- Historic Structure
- Home Equity Loan
- Home Inspection
- Homestead
- Home Warranty
- HUD-1 Settlement Statement
- Illiquid Asset
- Implied Warranty
- Improved Real Estate
- Income Approach to Value
- Interest
- Investment Company
- Involuntary Lien
- Joint and Several Obligation
- Joint Tenancy
- Judgment
- Judgment Lien
- Junior Mortgage
- Kickback
- Late Charge
- Lease
- Leasehold
- Lease Purchase
- Legal Entity
- Leniency Clause
- Lender
- Lessee
- Letter of Credit
- Leverage
- Lien
- Lien Holder
- Lien Waiver
- Liquidity
- Listing Agent
- Loan Origination Fees
- Loan Participation
- Loan to Value Ratio
- Loan Workout
- Lock-in Period
- London Interbank Offered Rate (LIBOR)
- Loss Mitigation
- Market Value
- Mechanic's Lien
- Metes and Bounds
- Mortgage Broker
- Mortgage Discount
- Mortgage Insurance
- Mortgage Insurance Premium
- Mortgage Loan
- Mortgage Servicing
- Mortgagee
- Mortgagor
- Negative Amortizatio
- Net Realizable Value
- Nonamortized Loan
- Nonconforming Mortgage Loan
- Nonperforming Loan
- Note
- Notice of Commencement
- Obsolescence
- Offer
- Open House
- Open Listing
- Ordinance
- Origination
- Origination Fee
- PITI
- PMI
- Point
- loan pre-approval letter
- Pre-qualification Letter
- Prepayment
- Pre-Payment Penalty
- Principal
- Prime Rate
- Quarter Section
- Quitclaim Deed
- Realtor
- Real Estate
- Real Estate Settlement Procedures Act
- Recording
- Redemption Period
- Real estate agent
- Section
- Sheriff's Deed
- Survey
- Straw Buyer
- Tenant
- Tenants in Common
- Title Insurance
- Title Search
- Truth-in-Lending Act
- Underwriting
- Veterans Affais
- Variance
- Warranty Deed
- Wetlands
- Wraparound Mortgage
 
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