Real Estate Term of the Day: Four-plex
Real Estate Term of the Day: Four-Plex FOUR-PLEX – a building containing four dwelling units (Barron’s Dictionary of Real Estate Terms)
Real Estate Term of the Day: Four-Plex FOUR-PLEX – a building containing four dwelling units (Barron’s Dictionary of Real Estate Terms)
Real Estate Term of the Day: Foreclosure FORECLOSURE – a legal process in which mortgage property is sold to pay the loan of the defaulting borrower. Foreclosure laws are based on the statues of each state (HUD) Here is a good outline of the Colorado Foreclosure Process via Boulder County: Mortgage payments are typically due on the first day of … More Real Estate Term of the Day: Foreclosure & Foreclosure Sale
Real Estate Term of the Day: Floor Plan FLOOR PLAN – the arrangement of rooms in a building (Barron’s Dictionary of Real Estate Terms) See example below: Floor plans are great listing tools for prospective buyers. Does your agent provide a floor plan drawing in their marketing plan?? We do! If you would like to … More Real Estate Term of the Day: Floor Plan
Real Estate Term of the Day: Flood Insurance FLOOD INSURANCE – an insurance policy that covers property damage due to natural flooding. Flood insurance is offered by private insurers but is subsidized by the federal government (Barron’s Dictionary of Real Estate Terms) When you purchase your home, your lender will always require a flood certificate … More Real Estate Term of the Day: Flood Insurance