Real Estate Term of the Day: Deed of Trust DEED OF TRUST – an instrument used in the State of Colorado in lieu of a mortgage (a written instrument that creates a lien upon real estate as security for the payment of a specified debt). Legal title to the property is vested in one or … More Real Estate Term of the Day: Deed of Trust
Real Estate Term of the Day: Deed in Lieu of Foreclosure DEED IN LIEU OF FORECLOSURE – the act of giving property back to a lender without foreclosure (Barron’s Dictionary of Real Estate Terms) If you are facing foreclosure or considering a deed in lieu of foreclosure, you should seek legal advice from a foreclosure … More Real Estate Term of the Day: Deed in Lieu of Foreclosure
Real Estate Term of the Day: Debit & Credit DEBIT – in a closing statement, an item that is charged to a party in contrast with a credit (Barron’s Dictionary of Real Estate Terms) Typical debits for a buyer include: Purchase price Tax escrow Insurance escrow Title closing fee Deed recording fees Appraisal fee Tax … More Real Estate Term of the Day: Debit & Credit
CAP CERTIFICATE OF OCCUPANCY CLEAR TITLE CLOSING CLOSING AGENT CLOSING COST CLOSING DATE CLOSING STATEMENT CLOUD ON THE TITLE CLUSTER HOUSING CODE OF ETHICS COMMISSION COMMITMENT LETTER COMMON AREAS COMMUNITY ASSOCIATION CO-MORTGAGOR COMPARABLE SALES COMPARATIVE MARKET ANALYSIS CONCESSIONS CONDITIONS CONDITIONAL OFFER CONDITIONS, COVENANTS & RESTRICTIONS CONDOMINIUM CONFORMING LOAN CONTRACT FOR PURCHASE CONVENTIONAL LOAN CONVEYANCE COUNTEROFFER … More Real Estate Term of The Day: Recap of the “C” Terms
LESLIE MONACO REAL ESTATE 