Category: Real Estate 101

Real Estate Term of the Day: Deferred Maintenance

February 18, 2012

Real Estate Term of the Day: Deferred Maintenance DEFERRED MAINTENANCE – a type of physical depreciation owning to lack of normal upkeep (Barron’s Dictionary of Real Estate Terms) Common examples of deferred maintenance can be: broken windows/doors missing roof shingles/severely damaged roof peeling paint broken gutters wood deck maintenance neglecting broken a/c, finance, hot water … More Real Estate Term of the Day: Deferred Maintenance

Real Estate Term of the Day: Deed in Lieu of Foreclosure

February 15, 2012

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