Real Estate Term of the Day: Feng Shui FENG SHUI – (pronounced “fund shway”) ancient Asian art of creating harmony and balance within an environment (Barron’s Dictionary of Real Estate Terms) According to the Institute of Feng Shui & Geopathology, “Feng Shui we evaluate a house and its property for sufficient Chi (pronounce “chee“). Chi is … More Real Estate Term of the Day: Feng Shui
Real Estate Term of the Day: Fee Simple FEE SIMPLE – absolute ownership of real property; owner is entitled to the entire property with unconditional power of disposition during the owner’s life, and upon his death the property descends to the owner’s designated heirs (Barron’s Dictionary of Real Estate Terms) Ownership in the State of … More Real Estate Term of the Day: Fee Simple
Real Estate Term of the Day: Federal Tax Lien FEDERAL TAX LIEN – a debt attached against property for unpaid federal taxes; most often by the Internal Revenue Service (IRS) to attached property for payment of owner’s unpaid income taxes (Barron’s Dictionary of Real Estate Terms) The general rule of thumb is that tax liens … More Real Estate Term of the Day: Federal Tax Lien
Real Estate Term of the Day: Federal Housing Administration FEDERAL HOUSING ADMINISTRATION (aka: FHA) – an agency, within the U.S. Department of Housing and Urban Development, that administers many loan programs, loan guarantee programs, and loan insurance programs designed to make housing available (Barron’s Dictionary of Real Estate Terms) According to the Hud.gov, Congress created the … More Real Estate Term of the Day: Federal Housing Administration
LESLIE MONACO REAL ESTATE 