Real Estate Term of the Day: Equal Credit Opportunity Act EQUAL CREDIT OPPORTUNITY ACT – a federal law, enacted in 1974, to discourage discrimination by lenders on the basis of sex or marital status. Amended in 1976 to prohibit discrimination on the basis of age, race, color, religion, national origin, or receipt of public assistance … More Real Estate Term of the Day: Equal Credit Opportunity Act
Real Estate Term of the Day: Earnest Money EARNEST MONEY – a deposit made by a purchaser of real estate to evidence good faith (Barron’s Dictionary of Real Estate Terms) In the State of Colorado, earnest money is typically held in a trust account by either the real estate brokerage or the title company. The … More Real Estate Term of the Day: Earnest Money
DEBIT DECLARATION DEED DEED IN LIEU OF FORECLOSURE DEED OF TRUST DEFAULT DEFERRED MAINTENANCE DELINQUENT DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT DEPRECIATION DETACHED HOUSING DEVELOPER DEVELOPMENT DISCLOSURE STATEMENT DISTRESSED PROPERTY DOWN PAYMENT DRIVE-BY APPRAISAL DUEL AGENCY DUE DILIGENCE DUPLEX Copyright 2012 – Created by Tagxedo.com
Real Estate Term of the Day: Drive-by Appraisal DRIVE-BY APPRAISAL (aka: Limited Appraisal) – value estimated prepared without the benefit of an interior inspection (Barron’s Dictionary of Real Estate Terms) Due to the changes in the mortgage underwriting rules over the past couple of years and the creation of the HVCC, the practice of drive … More Real Estate Term of the Day: Drive-by Appraisal
LESLIE MONACO REAL ESTATE 